| Important Information
Changes To Company Owned Properties
As per the amendments to the Law for Local Taxes, all companies that own properties and who have submitted a declaration to the municipality as per art.17 from the above mentioned law, have to submit declarations as per art.14, which is generally referred to as a declaration for physical persons. The idea of that law is to get a fair idea of what the property is, what it is used for and who owns it, as well as enough information for taxation.
Declaration of art. 14 LLTF has to be submitted before 30/06/2010. This will adjust the property tax assessment, and we hope this to be a tax relief for owners who will now pay for residential properties, rather than non-residential.
I cannot advise you whether the tax will be significantly reduced because of that new declaration but by law you have to submit that additional declaration, as there will be substantial fines applied after June 2010.
If you decide to use our services to submit these declarations, our fee is 30 EUR per property declaration. |
Bulgarian Wills
Protect Your Assets
 Overseas Wills The subject of death is something that is never discussed when buying foreign real estate however, this is an area which should not be dismissed especially if you do not want your dependents to be left with a host of problems. Although you may have amended your existing personal Will a legally recognised Will in the country of purchase is strongly recommended. Think for a moment about the following scenario. You have spent thousands of euros on foreign real estate and something happens to you. Your dependents are left with a host of problems in the country you have purchased and in addition you could have family members who might contest your overseas real estate? Contact us for further information on our Will Writing service |
Our Other Services
Did You Know?
You have probably contacted us with a property or company related enquiry but did you know that Bulgaria Legal also operate in the following areas?
Real Estate transactions
Commercial and Company Law
Privatisation and Foreign Investments
Protection of Investments
Mortgages
Pledges and other Securities
Tax Law and Customs Law
Family Law and Criminal Law
Immigration Law
Contact Us For More Information |
Bulgaria Legal have now appointed a fully chartered Chief Accountant who is able to file clients financial reports and also annual tax reports which are due for the coming years. If you would like to take advantage of this service at our preferential client discount rate then please contact Hristo on 
As our name suggests, our legal expertise stretches over the whole territory of Bulgaria. We have offices in Varna, Sofia and also in near Newcastle in the UK. We have listened to our clients and have introduced a UK telephone number and also a UK bank account to make contact and payments easier for you, saving hefty bank charges associated with international bank fees.
