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Latest News

New budget flights make Dalaman even more appealing:
Budget airline Flyglobespan has announced that May 2009 will see them launch weekly flights from Aberdeen to the popular resort of Dalaman, situated on the south-west coast of Turkey. ...
Is this the next St Tropez? By Eluned Price, Financial Times, Friday Jul 25 2008:
By Eluned Price, Financial Times, Friday Jul 25 2008 19:50... Cameron Deggin, of Place Overseas, says: "Since the 1923 Treaty of Lausanne ...
It is now 'official' that Turkey has had the MOST amount of foreign visits in the first half of 2008. Over 800,000 more than Spain and everywhere else!!!:
Turkish tourism is sky-rocketing in 2008 beating all expectations and leaving countries like Spain, Greece and Italy far behind. The figures are based on visits by foreign nationals into the country ...
 

Turkey Property Tax


Turkey Property Tax

Turkey Property Buyers and Sellers Tax
Approximately 1.5% is paid by both parties based on the declared price of the property. This is tax that is paid at the time of title deed conversion over to the buyer's name, which could be several months after completion.  In practice, sellers push this liability onto the buyers and buyers pay 3%.

Government tax
Approximately £130 per annum 

Community tax
Approximately £12 paid yearly for local services.

Property tax
Approximately 0,5% based on the declared value of property, paid yearly.

 
Buildings and land owned in Turkey are subject to real estate tax at the following rates:

  • Residences 0.1%
  • Other buildings 0.2%
  • Land 0.1%
  • Vacant land (but allocated for construction purposes) 0.3%
  • Farming lands 0%
Inheritance and Gift Tax
Property acquired as a gift or through inheritance is subject to taxes of between 1% and 30% of the valuation. Tax paid in another country on inherited property is deducted from the taxable value of the asset. Inheritance tax is payable over the period of three years and in two installments per year.

Environmental Tax
Environmental Tax contributes towards the financing of certain services such as rubbish disposal. This tax is levied in staged payments and is charged according to the location of the property.


Income Tax (such as Rental Income)

Income tax is based on residence hence if you are not a resident in Turkey, then there will not be any tax payable in Turkey.
Income tax is based on residence hence if you are not a resident in Turkey, then there will not be any tax payable in Turkey.