Property For Sale In Turkey

PURCHASE TAX

You will pay a purchase tax which is 3% of what is written on the title deeds. This is usually much lower than the actual purchase price.

ANNUAL TAX

If you own a property you will pay 0.1% of the amount written on the title deeds. This can be paid annually or in two payments, one in May and the next payment in November. If you own land you will pay 0.3% of the amount written on the title deeds. A new built is property is exempt from annual tax for 5 years. Each property is revalued every 5 years for tax purposes.

There used to be a rubbish tax but this is now paid with the water bill which comes out every 2 months.