newbie tax and deeds problems?

[stevehowie]

Hi all,
Brand new at forums , so I beg patience if I get this wrong.
My basic problem is this-
I bought a property in Bulgaria near Veliko Turnovo about 6 years ago with a view to renovation and living there. My partner in crime bailed out about 1 year later leaving me with this small property.
I had been paying company and local taxes to a company called G&D company who took me through the whole sales procedure.
Everything seemed legit at the time, we went to banks and solicitors, set up a company etc.
They have now dissapeared and seem to be uncontactable. I went to there office in Veliko and the place is vacant.
I'm not saying I have been "had", just that I'm not sure where to turn concerning how authentic my papers for the property are and where to go concerning local and if still needed buisness taxes?
I do not want to lose the property just because I didnt pay the tax for one year!
Any help would be sincerely appreciated and again, apologies if this is posted in the wrong place.
Thanks in advance,
Steve

 

[KayJay]

Hi all,
Brand new at forums , so I beg patience if I get this wrong.
My basic problem is this-
I bought a property in Bulgaria near Veliko Turnovo about 6 years ago with a view to renovation and living there. My partner in crime bailed out about 1 year later leaving me with this small property.
I had been paying company and local taxes to a company called G&D company who took me through the whole sales procedure.
Everything seemed legit at the time, we went to banks and solicitors, set up a company etc.
They have now dissapeared and seem to be uncontactable. I went to there office in Veliko and the place is vacant.
I'm not saying I have been "had", just that I'm not sure where to turn concerning how authentic my papers for the property are and where to go concerning local and if still needed buisness taxes?
I do not want to lose the property just because I didnt pay the tax for one year!
Any help would be sincerely appreciated and again, apologies if this is posted in the wrong place.
Thanks in advance,
Steve

No need to panic, Steve

First of all, do you have the Notary Act for the property?

Secondly, do you have any papers relating to the company you would have had formed to buy the property? You can easily check out the current status of the company on the commercial register, with the reference numbers?

Your company should have made a nil return each year and you should have paid local taxes. If neither of these happened, you'll end up paying a "fine" of a % of the unpaid tax, obviously plus the taxes themselves. There's no danger of you losing the property because of a year's unpaid taxes - or even several years' worth.

Your best bet is to use a good lawyer, especially if they also have an accountancy service, and they will sort it all out for you painlessly - unless something untoward has happened regarding the company handling the paperwork. I'd recommend GS Georgieva for this, and most other kind of work.

 

[stevehowie]

Thank you KayJay for the quick reply.

I believe all these documents are in order though I dont speak /read Bulgarian at the moment to verify this. :dong:

I would like to contact this firm you speak of -GS Georgieva . Do you know if they speak English and have you any ideas about their fee's? How do know a means to contact them?

One other thing I forgot to mention is that this company had power of attorney to deal with the house and Taxes etc. Is there an easy way for a me to end their power of attorney?
So many questions, I really appreciate the help!
Thankyou,
Steve

 

[KayJay]

If you Google GS Georgieva all might well be revealed

Yes, they speak English and their fees will depend on what needs doing but they are very reasonable - I've used them for years.

If you think the documents are in order then I assume that you have them in your possession? I assume/hope you aren't in the habit of signing documents without a translated version on the same page, even though the Bulgarian original will take precedence.

A POA can be revoked quite easily - the lawyers will advise you of the best way to do this but it isn't always easy if the POA contains very broad powers and is assignable to third parties. A POA to "deal with the house" has resulted in property being sold without the owner being aware of it before now, so I'd lose no time in getting legal advice if I were you.

 

[stevehowie]

Again, I am in your debt!
Have duly googled, and now,thanks to your good self, at least have a plan.
Will contact law firm this week.
Thanks KayJay, your help and advice was great
Best wishes
Steve