1- Purchase TaxPurchase 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 TaxThe 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.