Bulgaria, Russia have highest taxation on residential property deals
Bulgaria and Russia rank among countries with highest rates of tax on residential property deals, says Global Property Guide research.
Research examined several types of expenditure including registration fees, real estate agency commissions, taxes for purchase and VAT, 24 Chasa daily reported.
Results for Bulgaria and Romania showed that purchase expenditures were nearly 25 per cent of the property value, the main reason being VAT.
VAT in Bulgaria is 20 per cent and 18 per cent in Russia. This is the factor ranking Romania and Bulgaria on the top positions concerning residential property taxation.
Out of old European Union (EU) countries, Belgium and Italy have the highest expenditures on property deals, the lowest feature Estonia, Slovakia, Litva and Danemark with less than five per cent of the property value.
Expenditures are higher in southern Europe and lower in UK and the Scandinavian countries.
The commission for the real estate agency is usually shared between the seller and the buyer. Research said that it usually ranges between 1.25 and 1.5 per cent for both sides. In Bulgaria the figure is 2.5 per cent to three per cent for both sides.
In order to be able to post comments you have to be registered user and logged in. Please click here to log in or register. Thanks!
Loading ...
Monday, October 13 2008
Expat of the Week
redryler
Grew up in Ireland. Wnet to college in London. This was an eye-opener to the world. Have worked for ... read more
What`s on in Bulgaria
Theatre
12 Angry Monologues/12 razgneveni monologa What: The play is a compilation of 12 of the best monologues from Bulgarian actor Velko Kunev on the National Theatre stage over the past 30 years. Alone on the stage, Kunev re-experiences the fates, thoughts, worries and fears of his characters - including Ham When: October 7 and 25, 7pm Where: Ivan Vazov National Theatre
Volpone What: This comedy, written by English Renaissance playwright Ben Jonson, tells the story of Venetian nobleman Volpone who pretends he’s at death’s door to lure the numerous aspirants to his large inheritance and thereby expose their greed and foolishness. Starr When: October 10, 22 and 28 at 7pm Where: Ivan Vazov National Theatre
The Taming of the Shrew/Oukrotyavane na opurnichavata What: Director Marious Kourkinski returns to the stage of the Satirical Theatre with this Shakespearean comedy, which was one of the master’s earlier plays. The original play depicts a nobleman, Petruccio, who, for pragmatic reasons, marries a shrew – a loud-mo When: October 10 at 7pm Where: Aleko Konstantinov Satirical Theatre
Cultural Institutes
Pavel Besta and his inspirations What: This exhibition by Czech artist Pavel Besta coincides with his 50th birthday. His paintings are in the realm of the grey and sorrowful. Besta discusses universal questions touching on the beating hearts and disillusioned faces who dwell in the country’s o When: Until October 31 Where: the Czech cultural centre, 100 G. S. Rakovski Str, Sofia
Art
Painters from Plovdiv exhibit in Sofia What: Natally gallery is organising a general exhibition featuring artists who have depicted Plovdiv’s gentle pace of life in their works. Visitors can admire the delicately smiling characters looking over from Angel Vassilev’s paintings, or the colourful abstr When: Until October 30 Where: Natally, 38A Gourko Str, Sofia
The return of Dimitar Voinov What: Racoursi gallery presents Bulgarian painter Dimitar Voinov, who has lived and worked in Germany since 1986. Now, 22 years later, he is exhibiting in Bulgaria for the first time. His paintings reveal the use of classic techniques, combined with ambiguous s When: Until October 31 Where: Racoursi, 4A Han Kroum Str, Sofia
Eva Peneva and Yulian Yordanov’s graphics for four hands What: This collaboration between two artists is a long-nurtured idea that finally comes to life. Yordanov presents 13 of his graphics including titles like Leda, Fragrance or Temptation. To find an adequate answer to his challenge, Peneva painted glass using va When: Until October 20 Where: Teo, 34 Macedonia Str, Varna
Soshana: Around the world in 80 years What: Austrian painter Susanne Schuller-Soshana is a true cosmopolitan. As one art critic puts it, she has travelled the world not in 80 days, but in 80 years. During her nomadic life, she has met some of the defining titans of the last century’s art scene – in When: Until October 16 Where: Astri, 34 Tsar Samouil Str, Sofia
The apple in the minds of several artists What: Though it has a small exhibition area, this gallery always offers carefully selected artists the chance to flaunt their talents. In this general exhibition nine artists have come together to explore the ‘apple theme.’ Works by Boiko Kolev, Rossen Rashev, When: Until October 20 Where: Art Gallery Paris, 8 Paris Str, Sofia
LIKE MOTHER, LIKE DAUGHTER – ANI KARALAMBEVA AND NIYA ABRASHEVA What: Drawing on her experience and expertise as a long-time textile designer, Ani Karalambeva collaborates with her daughter Niya Abrasheva to create beauty in the ever-saturated world of fashion and interior design. The exhibition presents mixed media wall pa When: Until October 8 Where: Azza Gallery of Modern Art, 25 Cherni Vruh Blvd, Sofia
All materials contained in this website are copyrighted. Any unauthorised reproduction or use of these materials is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be properly credited and provide an active link back to our site.
Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media Ltd. cannot be held responsible for the statements contained in visitor comments.