As in any other country, the tax system in Turkey can cause some problems for foreign investors, especially if they are not familiar with local laws. However, if you prepare all the documents correctly and follow the updates in the legislation, property taxes in Turkey will not be a serious problem.
It is important to know that the property tax is levied annually in Turkey and depends on the value of the property. The tax rate for residential buildings is 0.1%, and for commercial real estate it is 0.2%. However, the tax rate for foreign citizens may be higher.
When selling real estate in Turkey, you will have to pay the income tax you received from the sale. The tax rate depends on the duration of ownership and is between 15% and 35%. Dec. October paid transfer tax In addition, when buying a property, you will have to pay property transfer tax at the rate of 4% of the value of the property.
To avoid tax problems, it is recommended to contact a lawyer or real estate consultant, who will help you correctly prepare all the necessary documents and obtain information about tax obligations.
The lawyers of the company PARUS PROPERTY will help you prepare all the necessary documents.
In general, property taxes in Turkey are not a major problem for foreign investors, as long as they follow the updates in the legislation and prepare all the documents correctly.
