Heirs at law or by will are required to pay inheritance tax except from the surviving spouse and heirs in direct line. Bulgaria-domiciled individuals are subject to inheritance tax on inherited property both located in Bulgaria and abroad. A foreign domiciled person is subject to inheritance tax only on property situated in Bulgaria.
The inherited property includes:
- – Movable property;
- – Immovable property;
- – Proprietary rights;
- – Proprietary claims and liabilities.
The law also provides for property that is non-taxable.
The individuals subject to inheritance tax are obliged to file a declaration of the inherited objects within 6 months of the inheritance becoming effective.
Please contact us to receive your free copy of Inheritance Tax chapter from The Complete Tax Guide by BulgariCo.com.