What are the tax implications for foreigners purchasing a property in Turkey?
In Turkey according to the current tax regulations, foreign citizens and Turkish citizens are no different in terms of taxes or levies to be charged. In Turkey, for the real estates, the following taxes or compulsory insurances are required; Inheritance and succession tax, VAT (if a commercial delivery takes place), Real estate tax, Personal income tax (based on rental income and capital gains), Real Estate Acquisition and Purchase Levy (at the time of purchase or sale), Stamp Duty, Environmental tax, Corporate tax (in case of a commercial transaction of a company), Earthquake insurance. The Tax Liabilities Concerning Real Estate Type of TaxTax RatesEvent Occurs Tax LiabilityExplanations Real Estate Tax0,1% 0,2% 0,3% 0,1%Sale of a Residential building Sale of Non-Residential Building Sale of Land Sale of FieldsReal estate Tax is accrued in accordance with the official sale value of the property. Annual taxes are paid in two equal instalments. Sale & Acquisition Levy1,5%Each buyer and s
