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Bulgarian Home Prices Tripled over 2000-2005
2006-10-04 | www.novinite.com, 27th October 2005
Home prices in Bulgaria's regional centers have increased 1.5 to 3 times over the last five years. That emerged Wednesday as the country okayed a new tax scheme, which will also affect home taxation.
According to the fresh rules, real estates with a tax evaluation of less than BGN 1,400 (approximately EUR 700) will not be subject to taxation.
The maximum taxation-free income was increased from BGN 130 to BGN 180.
A new levying scheme for incomes has also been approved.
Incomes have been divided into three groups - BGN 180-250; BGN 250-600; and a third group of over BGN 600 - which will determine what taxes will be imposed.
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