What taxes do property owners have to pay in Turkey?

Property taxes are paid annually on the tax values ​​of land and buildings at rates ranging from 0.1 to 0.3%.

Tax return declarations are submitted every four years. The load is calculated based on the land, the facilities of the building and the size of the plot in square meters.


Who is required to pay this tax?

Property owners are required to pay property tax, and those with an annual rental income of less than TL 3,600 are exempt. Those who have the right of usufruct also have to pay property tax. Property tax is paid to local municipalities.

When?

The first payment is paid between March and May and the second in November.

If the tax is not paid on time, the owner of the property pays a fine of approximately 2.5 percent of the monthly amount.


Environmental impact

environmental tax is a municipal tax paid by the owner or tenant who uses the property. It is included in the water bill of the property and is calculated based on the water consumption per cubic meter.


Property transfer tax

Every citizen (Turkish or non-Turkish) who sells or purchases real estate in Turkey is legally obliged to pay transfer tax. This is paid based on the actual sale or purchase price of the property.


The sum of approximately 1.5 percent of the value of the property must be paid by both parties when registering the transaction with the Land Registry.


For more questions, contact ILBE.BE Via Info@ilbe.be or by telephone: 0032478934121

written by ILBE staff

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