It was written on 3 July 2017. The law and practice in Turkey change all the time. Our guides are updated as frequently as possible - typically every three years - but may be out of date.
Our guides are prepared by professionals from many countries. They are, of necessity, both brief and general and can take no account of your personal circumstances. They are intended to be a good introduction to the subject BUT ARE NO SUBSTITUTE FOR PROPER PROFESSIONAL ADVICE, which our contributors will usually be happy to provide upon request.
The advice and opinions contained in the guides are those of the author and are not necessarily those of Guides.Global.
Click or hover where you see for more information
This guide is about the taxes you will have to pay as the owner or buyer of a property in Turkey.
Property taxes in Turkey aren't particularly high, nor complicated, you'll be pleased to know!
This is payable each time the ownership of land (including a property or any part of the ownership of a property) is transferred.
The taxable value is the greater of the price for which the property is sold (as recorded in the deed of sale) or the official tax value (cadastral value) of the property. This means that if you give away your property or sell it for far below market value the buyer will still have to pay a significant amount of tax.
There is a Land Registry (Tapu office) charge of 3% (from March 2017). The cost of this is normally shared equally between the buyer and the seller.
If property transfers as a result of an inheritance, no property transfer tax is payable. Instead, inheritance tax is payable.
If property changes ownership as the result of a gift, inheritance tax is again payable.
If property changes hands as a result of a court order, no tax is payable.
These taxes are payable to the municipality in which you live and are used to pay for all the services that they provide such as street lighting, maintenance of public areas, garbage collection etc.
The tax payable depends upon the official tax value (cadastral value) of your property, as determined by the municipality.
Buildings outside a designated metropolitan area pay tax at 1% per year of the official registered value
Buildings within a designated metropolitan area pay tax at 2%
General land pays tax at 3%
Agricultural land pays tax at 1%
Property transfer tax applies any time a property or land changes hands. See above. Whilst the parties are free to agree who pays this tax, it is normally split equally between the buyer and the seller.
There is no separate tax payable on the sale of land - though if it has increased in value there could be a liability to capital gains tax.
|Turkey Country Guide
Essential facts and figures about Turkey
|The Tax System in Turkey
|Choosing a Tax Adviser in Turkey
Things to consider
|Taxes on companies in Turkey
Taxes on businesses
|Taxes on people in Turkey
Taxes on individuals
I hope you have found this guide useful. If you need any further help, please contact me.Burak Orkun 3 July 2017
Email or call us to find out how we can work together.