Real estate taxes

are a set of fees imposed by the Turkish state on anyone who sells or buys property in Turkey

or gifts, donates or bequeaths it, and real estate taxes in Turkey are divided into several types,

There are also a set of taxes paid when purchasing a property and others that must be paid upon sale.

 – Property title transfer fees in Turkey:

This is a mandatory fee whenever ownership of a property is to be transferred from one person to another,

Turkish law sets the property title transfer fee at 4% of the property's declared value

as specified in the title deed (tapu).

– Notarisation fees for the property purchase contract in Turkey:

As soon as the property purchase contract in Turkey is signed between the seller and the buyer, whether the property is

ready or still under construction (in which case the purchase contract is known as a preliminary contract), it is necessary to go to the nearest

Turkish notary office to have both copies of the contract duly notarised, giving it legal status so that

either party or both can hold the other accountable before the Turkish courts in the event of a breach of any clause of the contract,

especially delays in delivering the property beyond the date specified in the contract.

The notarisation fee for a property purchase contract in Turkey amounts to 1% of the property's value.

– Value added tax in Turkey:

This tax is denoted by KDV and is imposed on all products sold in Turkey, covering all

commercial, industrial and freelance activities, as well as imported goods, services and Turkish real estate.

– Real estate capital gains tax:

This is a type of real estate tax imposed on properties that are sold within a period not exceeding

five years from the date of purchase, since this tax assumes that a property sold within less than

five years was purchased for investment purposes, and is therefore subject to a tax known as the real estate capital gains tax.

 This tax is imposed under Article 80 of the Turkish Income Tax Law and is calculated based on the profit

difference between the property's price at purchase and its price at sale.

– Inheritance tax in Turkey:

When the owner of a property in Turkey passes away, their heirs are determined either through the will they wrote or the

inheritance law in Turkey. Inheritance tax is then imposed on the property, and the

property owner's legitimate and legal heirs must pay the inheritance tax in Turkey in order to transfer ownership of the property

from the deceased to the heirs be duly registered at the Land Registry and Cadastre Directorate in Turkey.

– Annual property tax:

This annual property tax amounts to 0.002% of the property's value as registered in the title deed, and it is paid

in two instalments: the first must be paid between the first and last day of March each year, and the

second between the first and last day of October each year.

Payment is made to the municipality of the district where the property is located, either by going to the municipal building or by

bank transfer to the municipality's bank account. If the property is worth 100 thousand dollars, then this

tax amounts to 200 dollars per year.

 Municipal taxes in Turkey are paid in return for services such as street lighting, paving, cleaning, and organising

streets, planning them, planting trees in parks, and other government services.