Property Tax
- Calculated based on the value of the property as determined by the local tax authorities
- Ranges between 0.1% to 0.3% of the property value, with a cap on the taxable amount
Capital Gains Tax (CGT)
- Property sellers in Turkey are subject to CGT on the profits from property sales
- CGT rate ranges from 15% to 20%, depending on the length of ownership and the amount of profit
Inheritance Tax
- Inheritance tax applies to the transfer of property from a deceased person to their heirs
- Tax rate depends on the relationship of the heir to the deceased and the value of the property
Gift Tax
- Gift tax applies to the transfer of property from one person to another as a gift
- Tax rate ranges from 0% to 20%, depending on the value of the property and the relationship between the giver and recipient
Tax on Property Income
- Property owners in Turkey may be subject to tax on rental income received from their properties
- Tax rate ranges from 15% to 35% based on the amount of rental income
Tax Advantages in Buying a House in Turkey
- Reduced CGT rate for properties held for a long time (more than 24 months)
- Exemption from CGT for primary residences
- Tax benefits for homeownership, including deductions for mortgage interest and property taxes.