How high are inheritance taxes in Bulgaria?
Bulgarian citizens and foreign individuals inheriting Bulgarian property are subject to inheritance tax. Bulgarian citizens are also liable to pay inheritance tax in respect of properties received from abroad. The surviving spouse and relatives in the direct line are not liable to pay inheritance tax on their own inheritance. The deceaseds estate is valued in the local currency (BGN) at the date of death of the deceased. The debts of the deceased, as evidenced to the tax authorities, and certain funeral expenses up to BGN1,000 (516) are deductible. The tax is payable by the heirs in respect to their own inheritance. The first BGN250,000 (128,995) is exempt from taxation. The applicable tax rates, set by the municipalities within the limits of the law, depend on their relationship to the deceased and the value of their inheritance. The rates vary between 0.4% and 0.8% on inheritances received by relatives in the lateral line. For all other beneficiaries, the rates vary between 3.3% and
