Everything you want to know about the land title tax in Türkiye
Who must pay the title deed tax in Türkiye?
A person who owns a property in Turkey must pay a title deed tax, and the tax amount depends on the value of the property, its location, and its use.
It amounts to 2% of the property price, imposed by the state on both the seller and the buyer, and although there is no clear and explicit text in this context, the fee expenses are usually charged to the purchasing party, meaning that the buyer pays 4% of the total value of the property as a registration fee. real estate,
How is the land title tax calculated in Türkiye?
The title deed tax in Turkey is calculated based on the estimated value of the property by the local authorities. A certain percentage is applied to this assessed value to calculate the amount of tax due. This percentage can vary according to the location, type and legal status of the property.
Calculating the title deed tax is done through an easy calculation, by multiplying the price of the registered property, which we assume is 100,000 US dollars, for example, so we multiply it by the value of the title deed tax: so we say $100,000 in Turkey
Do tax exemptions and deductions apply to the title deed tax?
Yes, tax exemptions and deductions can apply to the Tabu tax in Turkey. These exclusions and reductions change based on several factors, such as the type of property and purpose of use.
Because tax exemption in Turkey applies only to the value-added tax when purchasing the property, which amounts to 18% for commercial properties (shops – offices), and between 1 – 8 – 18% for residential properties, the tax exceptions and reductions in Turkey do not apply to Tabu tax
When must the land title tax be paid in Türkiye?
The title deed tax in Türkiye is paid upon the official transfer of ownership of the property. When the purchase is completed and officially documented in the Tapu register, the person making the transfer must pay the tax related to the Tapu at that moment.
How and where is the land title tax paid in Türkiye?
The land title tax in Türkiye can be paid at the relevant local tax offices. This is usually done in the same place where the property was registered in the Land Registry. Payment is submitted at the local tax service counter designated for this purpose, and the payment is officially recorded.
https://en.wikipedia.org/wiki/Turkey
https://en.wikipedia.org/wiki/Tapu_(Ottoman_law)
https://en.wikipedia.org/wiki/Taxation_in_Turkey