pixel

Property Taxes in Turkey

This guide was written by Burak Orkun, Managing Partner at Orkun & Orkun (info@orkunorkun.com) in collaboration with Guides.Global (office@guides.global).

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 Our guides are updated as frequently as possible - typically every three years - but may be out of date.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 lightbulb image for more information

The scope of this guide

This guide is about the taxes you will have to pay as the owner or buyer of a property in Turkey.

You may also want to watch the video version of this guide or download the audio (MP3) guide.

Introduction

Property taxes in Turkey aren't particularly high, nor complicated, you'll be pleased to know!

Taxes on buying real estate (land or buildings) in Turkey

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.

Taxes on owning real estate in Turkey

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.

Taxes on selling property in Turkey

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.

Conclusion

Other guides of interest

 Description Link 
Turkey Country Guide
Essential facts and figures about Turkey
Click to see this guide
The Tax System in Turkey
An overview
Click to see this guide
Choosing a Tax Adviser in Turkey
Things to consider
Click to see this guide
Taxes on companies in Turkey
Taxes on businesses
Click to see this guide
Taxes on people in Turkey
Taxes on individuals
Click to see this guide

Readers' Comments

 

Further information?

I hope you have found this guide useful. If you need any further help, please contact me.

Burak Orkun

3 July 2017


 

Guides.Global.logo
expert advice about living, working, investing, doing business
& buying property in another country


Guides.Global Ltd
23 Bridewell Lane
Bury St Edmunds
Suffolk
IP33 1RE
UK

Telephone: +44 1284 719964  ♦  Email: office@guides.global

www.guides.global

© John Howell 1979 - 2018