A blog by a British expat living and working in Balchik,Bulgaria, but not exclusively about Bulgaria.A forum to discuss news both here and in the UK.Full of advice,assistance and property offers,particularly for Balchik and the Dobrich and Varna areas.Top for Balchik and Bulgaria News
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Friday, 22 January 2010
New Property Law delayed till May-Earliest
The new law requiring all property transactions to be through bank accounts, to reduce fraud, will not be operational till May/June according to parliament sources.The idea was to abolish the cash only tax avoidance deals that are normal in Bulgaria.The new system, based upon the French, one is flawed in that you can pay X through the bank accounts and thus for tax,but actually top it up with a cash payment of Y so not alot different to the current set up.
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