The taxes for buying a property in Bulgaria are based on the sale price and location of the property. The council tax for the transfer of title varies between 2 and 3.5% of the sale value. You can read more about the fees related to buying a property in Bulgaria below the calculator.
You can use the below calculator to estimate the expenses when buying a property in Bulgaria.
The cost of properties in Bulgaria can be considered to be related to the purchase of a property and owning a property. The costs related to buying a property in Bulgaria are associated with mainly municipality tax and notarial fees:
Council tax for buying a property in Bulgaria
In compliance with the Local Taxes and Fees Act (LTFA), each year, the municipalities in Bulgaria independently determine the size of the municipality tax for purchasing a property. For example, the municipality tax in Nessebar (including Sunny Beach, Saint Vlas, Kosharica, and Obzor) is fixed at 3%, whereas the tax in Burgas is fixed at 2.5% and Gabrovo at 2%. Property tax is estimated on the sale price of the property. For a property of a sale price of 20,000 Euros, the municipality tax in Nessebar will be 600 Euros, 500 Euros in Burgas, and 400 Euros in Gabrovo.
Notarial fees for buying a property in Bulgaria
The rate of notarial fees is fixed nationwide and is also determined by the sale price of the property. The notarial fees can be considered as a type of fee charged for completing a transaction and drafting a new title deed. The fee for drafting a title deed is the same as the fee for completing a transaction. For example, for a property with a sale price of 20,000 Euros, in Nessebar, the notarial fee for completing the sale will be roughly 200 Euros. Thus, the fee for drafting the new title deed for the same property will be another 200 Euros. Using our property conveyancing services, we will draft the title deed without any fee.
Value-added tax (VAT)
The VAT applies only to notarial fees. There is no VAT on the property/municipality/council tax.
The annual taxes associated with owning a property in Bulgaria are the following:
- Property tax
- Waste disposal tax