The general shock from the property tax, introduced in our national tax system since 2015, has already passed. So today, the main issue that worries the real estate owners is about how much and when they will have to pay for 2018?
The main way to minimize the tax for individuals nowadays is to split and allocate shares to different co-owners. Legal entities will not be able to reduce the tax burden in this way, because the whole area of real property is taxed for them.
A step-by-step instruction is in the article by Roman Kobets, associate at Poberezhnyuk and Partners Law Group.