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HOMEKalkan Property For Sale
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Turkish Capital Gains TaxForeign owners of Turkish property have to pay capital gains tax in Turkey on the sale of their Turkish property. For property purchased (title deeds registered) before March 2007 If the property has been owned for 4 years at the date of transfer to the new owner no capital gains tax is owed For property purchased (title deeds registered) after March 2007 If the property has been owned for 5 years at the date of transfer to the new owner no capital gains tax is owed The level of the tax is calculated from the difference in the gain in value and taxed according to the income tax bands in force in the year of sale. Tax starts at 18%. If in doubt contact a local accountant for further advice.
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