The law simplifies the procedure for coming into inheritance, in particular, for village residents
The Verkhovna Rada of Ukraine has approved the law On Amendments to Some Enactments of Ukraine (as regards inheritance matters), the information posted on the VR’s official website says.
The law simplifies the procedure for immovable property and inheritance registration (firstly, in rural areas, villages, boroughs) through delegating appropriate powers to local self-government authorities. Besides, the law also repeals the requirement obliging to make compulsory property valuation in case of heirs of the first and second degree, pursuant to the law and representation right, as well as in case of inheritance of the property taxable at a zero rate.
The law, in particular, will streamline the procedure for registration of immovable property and inheritance making it more affordable, less expensive and time-consuming; it will allow local self-government authorities in rural areas to provide their residents with necessary services, to raise comfort level for those living in the countryside, etc.
The draft law has been registered under No.5141.
