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Property Buying and Selling Tax in Turkey

All taxes are to be paid locally according to the local law. Transfer tax rate for the estate transactions (Stamp Duty Land Tax) is 4% (with “seasonal discionts” as currently 3% ) . That is calculated on the base of your declared price. What price shall you declare than? According the law the real sale price what of course in practice hardly ever does anyone.  The cadastro offise will ask you for the official govermental value document which manucipality gives  and which usually is ca. 40-60% lower than the actual market value, plus  the expertise report which for you will need to pay ca. 1500-1700 TRY. the expertise report is for showing the market value, what in practice as I see since 4th of March 2019 is not always the exact market value. Anyhow the same rules works you can not declare less then the govermental documents sais. But also you are not forced to declare what the expertise sais as the owner of the property you are the only one who can decide for how much you are selling. Nobody can forbid you to sell cheapper than expertise sais, if this is what you want/need to do… The Buyer shall pay that tax half-half with the Seller, but in practice the Buyer covers this cost.

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About The Author
Anna Gök

Real estate broker since 2005. First steps in this branch done at Exclusive Estate in Cracov, which built my base at that work. Than at 2008 started to explore Alanya market, and in the result together with Şükrü Gök we decided not only to join lives but also our real estate experience so we created Sunlight Estate. Since that time, by learning every day, we do our best to develop our borkerage service in Alanya.

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