Tax Optimization Is an Art

Inheritance Tax

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.

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