Overseas property
Taxes in Turkey
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Taxes in Turkey

Taxes in Turkey are relatively low in comparison to Western European countries.

Transaction and registration taxes

Stamp duty at 4% of the property’s declared value is charged for transferring property rights and payable upon receipt of the Turkish title deed (tapu).

Ownership taxes

All property owners in Turkey are subject to municipal tax which varies from 0.1% to 0.6% depending on the type of real estate and based on the cadastral value.

Residences 0.2 0.1
Other buildings 0.4 0.2
Vacant land
(for construction)
0.6 0.3
Land 0.2 0.1
*The following zones are considered metropolitan municipalities
and charge double the standard tax rate:
Adana, Ankara, Antalya, Bursa, Diyarbakir, Eskisehir (Eskişehir),
Erzurum, Gaziantep, Istanbul, Izmir, Kayseri,
Kocaeli, Konya, Mersin and Samsun.

Real estate tax is calculated according to the minimum value of a square metre in the district, depending on whether it is a metropolitan municipality, and minimum land value. On average, it does not exceed €70 per annum for apartments and €100 for houses. Payments are made to the local authorities in two equal installments (half in May, half in November). Owners are exempt from annual real estate tax during the first four years after purchase.

There is also an annual waste removal tax set by municipal authorities according to the location and property size, which does not usually exceed TRY 90 (Turkish Lira) or €30 per year.

Capital gains, inheritance and gift taxes

Capital gains tax of 15–30% is payable on the sale of property unless it has been owned for over five years, in which case the owner is exempt.

Inheritance tax varies from 1% to 10% and gift tax from 10% to 30%. The rates are determined by the value of the transferred property.

TRY thousands
Gift tax
Under 190 01 10
190–620 03 15
620–1,560 05 20
1,560–3,360 07 25
Over 3,360 10 30

Turkish citizens pay inheritance and gift taxes on property received in any country. Foreign residents pay these taxes on property received in any country from Turkish citizen, as well as on property located in Turkey and previously owned by foreign citizens (residents and non-residents). Foreign non-residents only pay inheritance and gift tax on property located in Turkey.

Income and corporate taxes

Income tax is 15–35%. This tax is payable by residents of Turkey, individuals and companies, on their income received in and outside of the country. Non-residents earning income from professional or entrepreneurial activities and real estate rental pay income tax on revenue earned in Turkey.

Property rental income tax is 15–30% for revenue exceeding TRY 3,000 (about €1,000). Earnings below this threshold are exempt.

Corporate tax is 20%. Dividend tax is 10%.

Income, TRY Rates
Under 10,700 15
10,700–26,000 20
26,000–94,000 27
Over 94,000 35

Disclaimer: the information in the above article is for reference and may be subject to change over time. Persons interested in exact calculations should contact a certified tax specialist in this country before purchasing property.

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