Guest-house in Shipka town

The house is situated in the Thracian King Valley, in Shipka town, near the town of Stara Zagora. The family hotel is in the skirts of Stara Planina mountain and has a great view to the Rose Valley, Thracian King Valley, Sredna Gora mountain and Koprinka artificial lake.

The situation of the house gives a lot of opportunities for many tourist entertainments.

accents

• Wonderfull panorama view to the Trakian King Valley
• Fully furnished family hotel
• House is situated in the town of Shipka - very attractive and historical tourist destination.
• Ecofriendly region in the skirts of Stara Planina mountain.
• Year-round access

The house is built on three levels that include: 3 bedrooms, 3 bathrooms, 2 panorama terraces, a big kitchen hall, 1 steam sauna, fitness-room, swimming-pool, storehouse for fuel, boiler area, 2 solid garages, own water-tank, central canalization.

The fitness-room has modern sport devices and a massage table for mechanic or hand massages. There is also a solarium, corresponding to the European standarts; a steam-sauna with a stem-generator (hand or automatic driving); an italian jakuzzi.

The garage for two cars is with guarded rolling-shutters.

The landscaped Green yard is with water cascades. The swimming-pool is 8 x 5 m., with filter system and opportunity for covering and year-round enjoyment. This regulated plot of land is with area of  820 sq.m, has a tall solid fence with massive wooden entrance-doors.

Building and standard of finish

The rooms have fully noise and heat isolation, with modern PVC windows-work; cable TV, DVD, mini-refrigerators, inside vertical shutters. The kitchen hall is fully furnished: coffee-machine, electric oven, etc.

The bathrooms are with modern bath-cabins, with opportunity for music sound. The floor everywhere is made of luxurios parquet lamination.

There is a fireplace, with french burning camera, along with modern local heating system. The system allows rational use of 4 sun-collectors and air-conditioning for the whole house. The property is with central canalization and central water-supply. Own drilling and park lighting. The house has barrier post and is video surveilance. The whole area is guarded by a security system company.

About the area

The town of Shipka was established 630 years ago in order to protect and support the pass. The hills were overgrown with dog-roses, that's where the name of the town comes from - Shipka meaning wild rose.
One of the most important battles for the liberation of Bulgaria took place on the peak of Shipka.
The houses in Shipka are more than 130 years old. A part of the main occupations is still preserved: cutlery, carpentry, sword production. The town of Shipka is famous for the high buttery sheep's milk. Strawberries, apples and herbs grow well there.
The Memorial "Birth of Christ" was built near the town of Shipka. It is devoted to those Russian soldiers and volunteers who lost their lives in the battle for Bulgarian freedom. The background of the mountain makes prominent the gilt of the domes and the multi-colored decoration of the church facade and attracts people's attention.

Thracian Kings valley

Recently the mounds near Kazanlak and Shipka revealed their secrets and the tomb of Sevt III was discovered. In the tomb and the sacred places nearby many unique ornaments, precious objects and the gold mask of the mythic tsar Teres were found. The finds have huge cultural and historical value and are of big importance not only for the region, but for Bulgaria and the peninsula as well. These findings actually initiated the traditional celebrations of the Thracian Kings. The celebrations are accompanied by scientific conferences, at which the popularizing of the Thracian culture as part of the European heritage is discussed.

Construction type: Brick

Year of construction: 2007 Year

Heating: Local heating

Exposure: South

Number of bathrooms: 3

Balconies: 2

Joinery: PVC

• Permission for use granted
• Garage
• Furnished

Property Taxes in Bulgaria

A foreign investor can invest in properties in Bulgaria either directly or through a local legal entity. Only Bulgarian-resident individuals and entities can acquire title to land, while non-residents may acquire only buildings and limited rights (e.g., leasehold and construction rights) to land.

If you are investing in Bulgaria, as a non-resident property owner, you could be liable for the following taxes:

Property Purchase Tax

The purchased property will be subject to a notary and a municipal tax. The notary tax is paid on the higher of the market price or the book value of the property. Rates vary and are typically less than 1%. In addition, 2% of the market value of the  property is paid as a municipal tax. This money goes to the municipality in which the  property is situated. You pay these taxes after you have signed the notary deed.

Annual Property Tax

All property owners in Bulgaria pay an annual property tax. The current annual tax rate for a house is 0.15% of the tax evaluation ( the value of the property as estimated by the state body) of the property.
In addition to this tax, owners also pay a waste-collection tax. The rate depends on the 
location and size of the dwelling. The amount of tax payable is usually about GBP30 per year 
for rural property and about GBP100 per year for apartments in city centers.

Tax On Rental Income

This is subject to a 15% withholding tax after deducting allowable expenses such as mortgage interest etc. It is not stable and depends on the gross  annual income of the person.

Wealth Tax

No Wealth tax in Bulgaria.

Capital Gains Tax (CGT)

This is levied at 15% on any increase in the value of the property.

Inheritance Tax (IHT)

This was levied at up to 10% up to 2004, but has been abolished altogether in 2005.

Value Added Tax

Transactions with land and lease of property for residential purposes are exempt from value added tax. All other real estate transactions are subject to VAT at the uniform rate of 20% (will be changed after Nulgaria joins to EU). The buyer/lessee is entitled to a VAT refund, provided it is registered for VAT purposes.

Corporation Tax

As some property interests in Bulgaria cannot be held directly by foreigners, buying through a local Bulgarian company is recommended. If you own a company in Bulgaria, note that in January 2005 the rate of income tax for a  corporation in Bulgaria was reduced from 19.5% to 15%. The tax year in Bulgaria ends on the 31 December. A limited company must file an annual report by the 31 March. If you incorporated a limited company to purchase a house or land, then there will be no  tax liability, as the company was not trading. However, you still must submit company  accounts to the Companies' House Register in Bulgaria every year to satisfy the authorities that the company was not trading. This is a legal requirement.