{"id":40127,"date":"2026-01-31T23:31:41","date_gmt":"2026-01-31T21:31:41","guid":{"rendered":"https:\/\/vbansko.com\/?p=40127"},"modified":"2026-03-29T01:15:39","modified_gmt":"2026-03-28T23:15:39","slug":"received-for-money-sale-against-term-taxes","status":"publish","type":"post","link":"https:\/\/vbansko.com\/en\/received-for-money-sale-against-term-taxes\/","title":{"rendered":"When do I receive the money from the sale of a property and do I owe taxes?"},"content":{"rendered":"
You have signed the preliminary contract, gathered the documents and the notary date in Bansko has been scheduled. Congratulations! But on the mind of every seller are the financial issues that determine the final result in his bank account:<\/p>\n
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  1. \u201e"When will I actually see the full amount from the buyer?"\u201c<\/em><\/li>\n
  2. \u201e"What happens if the property is still mortgaged to my bank?"\u201c<\/em><\/li>\n
  3. \u201e"Will I have to pay state income tax?"\u201c<\/em><\/li>\n<\/ol>\n

    In Bulgaria, and in particular in the dynamic resort market in 2026, the moment of transfer of ownership and the moment of net receiving money from the sale of property<\/strong> rarely match up perfectly. The process becomes even more complicated if you yourself are still paying off the mortgage.<\/p>\n

    In this fundamental guide, we will break down the entire financial cycle \u2013 from bank transfer deadlines, through repaying your debt (if any), to next year's tax return.<\/p>\n

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    The Golden Rule of 2026: Only by bank transfer<\/h2>\n

    Before we get into the details, let's clarify something fundamental. According to the laws in Bulgaria (and the Eurozone), any amount for a property must go through a bank transfer. There are no payments \u201cin person\u201d at the notary. All cash flows that we will describe below are bank transactions.<\/p>\n<\/div>\n

    PART 1: Timeframe for receiving the money (Depends on the Buyer)<\/h2>\n

    The speed at which the money will reach you depends entirely on how the buyer finances the deal.<\/p>\n

    Scenario A: Buyer with \u201cCash\u201d (Fastest Option)<\/h3>\n

    When the buyer has his own funds, the process is quick. The principle applies: \u201cMoney against a Notarial Deed\u201d<\/strong> within the same day.<\/p>\n

    Payment is being made. ON THE DAY of the deal, BEFORE signing<\/strong> at the notary. The buyer orders the transfer and presents a payment order to the notary as proof. If your accounts are in the same bank, the money arrives immediately. If they are in different banks \u2013 usually within the same business day.<\/p>\n

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    Scenario B: Buyer with Mortgage (The Complex Option)<\/h3>\n

    Here's a paradox: You transfer the property today, and the buyer's bank pays in a week. Why? The buyer's bank won't transfer the money until it's sure that the property is already owned by their client and the bank has registered its mortgage as the first lender.<\/p>\n<\/div>\n

    Payment history for a credit buyer:<\/h4>\n