Property Tax in Turkey

Property Tax in Turkey

• Personal Income Tax applies to either rental income or capital gains, however if the property is sold after 5 or more years of the purchase, the capital gains tax is no longer applicable.
• Inheritance and succession tax is applicable to real estate in Turkey and can be from 1% to 30% depending on the conditions.
• Real Estate Tax which is comparable to the UK Council Tax
• Real Estate Acquisition and Purchase Levy (around 1.5% of the purchase price payable at the time of purchase)