Innovative property investments
Investment Property in Bulgaria
Buying Guide
Buying Costs
Buying costs
As well as the charge, if relevant, for setting up a Bulgarian company, buyers are liable for a series of taxes and fees when purchasing in Bulgaria.
Firstly local authorities charge 2% of the declared sales value in tax, payable upon signing the final contract.
The notary will charge around 150 GBP, but for very expensive purchases takes that sum plus 0.1% of the declared value.
Registering the deeds costs 0.1% of declared value; drawing up the deeds in the first place will cost around 150 GBP.
There is also a charge for translating the documents into English, which usually costs around 40 GBP.
Selling costs
Upon sale, these fees are not applicable as they are borne by the buyer.
However properties which are not the vendor's primary residence are liable for Capital Gains Tax if they are sold within five years of purchase; the tax must be paid immediately upon completion of the sale.
Key facts
- Local authorities charge 2% of the declared sales value in tax, payable upon signing the final contract
- The notary charges around 150 GBP but, for very expensive purchases, charges that sum plus 0.1% of the declared value
- Registering the deeds costs 0.1% of the declared value
- Drawing up the deeds costs around 150 GBP and their translation into English around 40 GBP
- If you sell the property within five years and it is not your primary residence you are liable for Capital Gains Tax, which must be paid immediately upon completion of the sale
Downloadable Reports and Documents
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