Legislative peculiarities
According to the information provided by specialists from the National Tax Inspectorate in Holosiiv District of Kyiv city, a natural person is considered to acquire the right on the stocks rather than alienate them, thereafter, the latter is not liable to pay the said tax.
Instead, a natural person - inheritor of securities is to pay a special tax, when selling, exchanging or making other operations to transfer securities.
The tax officers remind that pursuant to par. 213.1.7, par. 213.1, article 213 of the Tax Code, the operations involving sale, exchange or other types of alienation of securities implying transfer of the ownership right on securities as well as operations with derivatives are taxable, except the operations in the interbank market.
A natural or legal person – resident or non-resident, is liable to pay the special tax on securities transfer and operations involving transfer of securities or derivatives (including their parts), which carries out operations with derivatives or sells, exchanges or is involved in other types of securities transfer, except cases set out in par.213.2, article 213 of the Tax Code (par. 212.1.9 par. 212.1, article 212 of the Tax Code).
