Detailed information about the details of legal projects in legal procedures in Turkey
Detailed information about the details of legal projects in legal procedures in Turkey
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What are the real estate taxes in Turkey?
One-time property taxes
Municipal taxes
Monthly property taxes
Categories that are exempt from paying taxes
First, what are real estate taxes in Turkey?
Are real estate taxes paid in Turkey when buying a property or transferring its ownership, there are real estate taxes details, real estate taxes in Turkey? What are its types? Do you pay once or multiple times?
Before talking about real estate taxes in Turkey, we realize that there are no more taxes and no foreign context in this matter.
Learn about the types of real estate taxes in Turkey!
???????? Taxes when buying an apartment in Turkey
What are the one-time property taxes in Turkey?
* VAT
The value of the tax, at a rate of 1% to 18%, as the type of real estate, its area, building level, and the price per square meter of the land on which the real estate is located are factors in determining the value of the survey, and this value of real estate ownership is from the net area, and this real estate tax is paid once When buying a property in Turkey.
*About the recent history of this tax:
Tourism in Turkey for a year in relation to the treatment received by Turkish expatriates.
It seems that the return of such discounts in later periods is great, as the Turks realize just as the discounts on taxes in Turkey, increase the desire for tourism in Turkey.
* Learn about the details of the real estate title deed tax (meaning the costs of registering the property in Turkey)
This tax is imposed when registering the ownership of the property, registering the property in the Land Registry Department in Turkey.
Its value is 4% of the price of the property specified in the sales contract, the payment is usually against both the seller and the buyer, in return for paying its amount 2% when owning a property in Turkey, the special percentage is the sale of small properties such as houses, apartments and villas in Turkey.
Also when transferring the ownership of a property in Turkey, the legal, they pay this law, the property.
* Municipal tax fees on real estate in Turkey
Value added tax for services that fall within the area under the municipality's service.
* Real estate insurance fees in Turkey against earthquakes and natural disasters, which is an annual tax paid by an owner in Turkey to insure his home against natural disasters and earthquakes, and equal to the value of 2 US dollars per square meter of the property area.
Turkey real estate taxes
What are the monthly property taxes in Turkey
These are fees paid by the owners of the transportation companies of the apartment complex.
These returns indicate its services in the residential complex, such as playgrounds, swimming pools and gardens, in addition to the services it provides to the residential complex, even in individual homes. Elevator costs and so on, we're locked into the commercial rooms, and the room is $10 to $25, which is a property tax by itself but it's a daily requirement.
Here we show you the electricity and water charges in Turkey:
There are two types of fees for electricity and water services in Turkey: the first type, this fee is paid only once when registering the electricity or water meter, and the second includes monthly bills.
Meter registration fees are paid for one time only. This amount is considered a “deposit” to be paid when registering electricity and water meters, and not as a real estate tax. It is paid to official specialized offices to organize the affairs of these services. It is paid upon registration for the first time, and upon transfer of ownership from Person to person also you need to pay transfer fees, and the special thing is that this fee can be paid by the tenants, if the landlord registers the electricity and water services in the name of the tenant.
In conclusion, we have shown you all the real estate taxes that you have to take into account when you intend to buy a property in Turkey, and we touched on everything that interests you from the matter to the most accurate details of real estate taxes and fees, providing you with accurate information about the Turkish real estate market is our mission!
Real estate taxes in Turkey, which are paid annually:
First, there is a tax paid for real estate in Turkey called the annual real estate tax. This tax will be paid by you if you are a foreigner or a native citizen, and by whose name you know things, you must pay that tax once every year.
There is a second type of real estate tax and it is called the real estate profit tax. Your property unless it exceeds five years from the date of your purchase of this property, you will not pay taxes at all on your profit in this property, and this will be in your interest in the first place; Because you will be exempted from paying taxes first, and the profit in your Turkish property will increase secondly.
Penalty for late payment of property taxes in Turkey:
In the beginning, whoever is late in paying the tax will incur a fine for each time he is late in paying it.
Categories that are exempt from paying real estate taxes in Turkey:
There are those who are exempt from paying taxes, but in a few limited cases, such as if this person owns only one real estate, this is considered one of those who do not have a fine, also relatives of the martyrs, the unemployed and the disabled, but this category was conditioned by certain laws in order for them to be exempted.
Taxes that are paid on the property in Turkey on a monthly basis:
These taxes are usually found in major residential complexes in Turkey and are paid for the many advanced services that come with the property in Turkey, and the tax that is paid varies from one real estate complex to another, as there are those who provide improvements more than others, on this principle the tax amount is relied upon Who will pay, it is true that this matter is limited to large residential complexes, but it is not without the presence of some taxes that are in small properties, but they are small taxes such as the size of those properties and according to the services provided in them.
Is it possible for a person to evade paying his tax dues on real estate in Turkey ????????
The concerned authorities have proven that there are clear cases of evasion of paying taxes on real estate in Turkey, for example, submitting incorrect documents that are the opposite of reality and the truth.
One-time taxes in Turkey:
One of the taxes that you must pay when buying a property in Turkey is the property title tax, and it is paid only once, this time when you sell or buy a property, and the value payable is about four percent of the total property value and is paid jointly between the buyer and seller. The law imposed on it, but in reality, the buyer is the one who pays all the amount owed to him.
It turns out to us that paying taxes on real estate in Turkey is a very natural matter, and Turkey is not united in it alone, and the value that will be paid is reasonable, unaffordable, and unaffordable.
The types of taxes in Turkey differ according to the type of investment, for example, the investor can pay a value-added tax of 1% or 18% for the same property specifications, with the difference that the first property has residential specifications and the second is registered as a commercial property, so the use of a professional team as a team of Vision Real Estate It is a guarantee for you to invest safely in Turkey. For legal advice, you can contact Alaqaria Vision team
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