Detailed information about real estate tax exemption in Turkey

Find out about the real estate tax exemption in Turkey, what it includes and what it does not include, and also read about the conditions for obtaining a tax exemption and the documents required for it.

Detailed information about real estate tax exemption in Turkey
872
2021-10-27 Last update 2021-11-08

Detailed information about real estate tax exemption in Turkey

What is a real estate tax exemption in Turkey?

A real tax exemption in Turkey is a Turkish Law Act issued on 23rd of February 2017, which provides for exempting foreigners and Turks residing outside the country (for a period of more than six months) from value-added tax on real estate purchase in Turkey, with the aim of encouraging and increasing purchases and investment in the Turkish real estate sector.

What does the tax exemption on real estate in Turkey include?

The tax exemption in Turkey includes value-added tax when buying a property, which is 18% for commercial properties (shops - offices) and between 1 - 8 - 18% for residential properties.

What does not the tax exemption on real estate in Turkey include?

The real estate tax exemption law in Turkey does not include property transfer costs, annual taxes, service fees, and monthly subscriptions, as it is only limited to value-added tax.

Read also about: Real estate investment in Turkey.

Tax exemption in Turkey

What are the conditions for real estate tax exemption in Turkey?

The real estate tax exemption law in Turkey states that the applicant must meet the following conditions for exemption:

  • No previous residence in Turkey for 6 consecutive months.
  • The money for buying real estate from outside Turkey must be transferred through an external bank to an internal Turkish bank, or entered through the airport and registered there.

Documents required for real estate tax exemption

  • A bank receipt proving that the money has been transferred from outside Turkey to one of its internal banks, or an official document proving that the amount was entered through a Turkish airport, provided that these amounts are either in US dollars or euros.
  • A document proving residence outside Turkey, by presenting an address for the person concerned, officially certified outside Turkey.
  • Visiting the Immigration Department in order to obtain a paper proving non-residency within Turkey for a period of 6 months.
  • Going to the Public Security Directorate to obtain a document for the movement of entry and exit to and from Turkey.
 

After getting these official documents, an application can be submitted to the Turkish Taxation Department to obtain a value-added tax exemption.

How does Imtilak Real Estate help you get tax exemption?

Through its specialized legal staff, which includes a group of Turkish lawyers with experience in the field of getting official and legal documents and obtaining various tax exemptions.

 

Read also about:

 

Edited by Imtilak Real Estate©

Did you like this topic? You can share it with your friends now.

More from Imtilak
Guide on investment of all kinds in Izmit, Turkey

Learn about the best investment opportunities in Izmit, Turkey, and how to invest in Izmit real estate, such as apartmen...

2021-11-22
334
Investment in Ankara, Turkey: a comprehensive guide

A detailed guide on the types of investment in Ankara, Turkey. What are its advantages and what are the growth opportuni...

2021-11-22
298
What are the documents required to buy a property in Turkey?

Learn all the documents required to buy a property in Turkey and the definition of each of these documents and ways to o...

2021-10-21
1,512

Privacy Policy

We use cookies to offer you the best possible user experience, learn more about how to use them