Fees and Charges

1. Notary Fees on Land Tranfer in Bulgaria

These are fixed by law and follow a sliding scale depending on the stated value of the transaction. The stated value is decided at the option of the seller and may well be for the "Government Price" or current tax valuation which is usually very much lower than the actual money being paid.

The fee are set out in the following table and are in BGN - Leva - NOT Euros.

From

To

Notary’s Fees

0

100

15

101

1,000

15 on first 100 and 1.5% on the balance

1,001

10,000

28.50 on first 1,000 and 1% on the balance

10,001

50,000

118.50 on first 10,000 and 0.5% on the balance

50,0001

100,000

318.50 for the first 50,000 and 0.2% on the balance

100,000

No limit

418.00 on first 100,000 and 0.1% on the balance (max. 3,000)

Always make sure that the amount of the Notary Fees you are charged tallies with the amount of the consideration stated in the transfer deed (Notary Act). The amount of the fees actually paid may also also be shown on the deed. You can then compare these with this table.

2. Government Tax on the Deed (Stamp Duty)

This is charged at the rate of 2% on the price stated in the deed. This can be the government "tax price" or the actual amount of the consideration actually paid.

3. Land Registry Fees

These are charged at 1% of the recorded value of the transaction.

4. Legal Fees

While there is a scale of charges, there is so much competition for this kind of work that it is rarely, if ever, followed. On fairly straightforward deals up to around 50,000 Euros you should not expect to pay more than 600 to 800 Leva. Always ask your agent to get the lawyer how much his fees will be. Some agents

5. Generally

Always get your agent to provide you with a detailed written quotation of how much it will cost you to buy the property including, where appropriate, the costs of setting up your company. Insist on this even though he may say that he does not know how much will be specified in the Notary Act.

Simply ask him to give you the maximum figures and not to leave anything out!

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