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Let’s Talk Taxes in Turkey

Taxation Buying Guide
Here’s your complete guide to taxes in Turkey. It’s important to review this to make the right financial adjustments before buying property. 

1- Purchase Tax 

Purchase tax or stamp duty is an indirect tax that is involved in any contract or agreement. This payment is dedicated to the local municipality. As your property buying process involves a contract and an agreement, both parties will have to pay a purchase tax. 

In Turkey, the stamp duty is a percentage that can vary between 0.15% to 0.75% of your property. You should pay your stamp duty by the 23rd of the following month.  

2- Annual Property Tax 

The municipality will collect an annual tax payment that comes at an insignificant cost. This tax difference between land and residential projects. Where you’re to pay 0.3% of total costs for land. As for a house, the annual property tax in Turkey sits around 0.1% of the total amount. But these figures vary between the cities.
Property Pluss will take you through the ins and outs of the process.

Unpaid taxes remains a debt on the property, not the resident. Our lawyers at Property Pluss will make this doesn’t happen by digging after tax debts. Our lawyers will likely recommend you add a clause in the sales contract that removes any liability from you for the previous owner’s debts.

3- Property Registration 

Property registration is the process of registering real estate under your name and claiming ownership. This calls for a 3% tax that you as the buyer split with the seller. So, each party will pay a 1.5% registration tax.
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