Registration of title to real estate will cost a pretty penny

The Verkhovna Rada of Ukraine registered a draft law amending the Decree of the Cabinet of Ministers of Ukraine "On State Duty" (with respect to rates for state registration of real estate). The bill № 8296 of 24.03.2011 referred to the Committee of Ministers of Ukraine. The draft law proposed to introduce charging rates and to establish the state duty for state registration: - ownership of real property - 7 non-taxable minimum income (119 USD). - ownership of real property, which arose and was registered before 1 January 2012 - 50 percent state tax rates - for the state registration of title to real estate - property rights to real property subject to rights to real estate - 3 non-taxable minimum incomes of citizens (51 hr). The state fee shall be credited to the State Budget of Ukraine.