The Verkhovna Rada has simplified inheritance registration

The Verkhovna Rada has adopted the Law “On Amendments to the Tax Code of Ukraine concerning the taxation of inheritance and clarify some of the provisions.” The corresponding decision was supported by 278 deputies,as Ukrinform reports.

The law of inheritance has simplified registration procedure for the next of kin of the testator, who are entitled to inherit under the law.

In particular, it was stated that on individual income items are subject to the inheritance and are taxed at a zero rate of tax, not only members of the family of the testator first-degree relatives, as provided for in the requirements of the Tax Code of Ukraine. It also concerns the inheritance of objects inherited by family members of the second degree kinship.

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