Property tax rules in Turkey

Knowing tax rules is necessary for buying a house in Turkey

Asset tax and environmental tax are the ones that you need to pay at the time of purchasing a property in Turkey. Asset tax will be paid by owner.

But there is question for people who are going to buy a property in order to gain Turkish residency.

Do foreigners pay property tax?

The residents who owns property need to pay taxes in some specific time of the year. Asset tax is also one of them.

The time of the tax payment will be announced based on the tax calendar. According to that first instalment will be for 2018 in March, April, May and the second one in November.

Municipality tax in Turkey

Asset tax will be paid to the area’s municipality. If the house is located outside of the city and the municipality doesn’t have the internet system, the tax need to be paid through postal order.

You need to be aware of downside of not paying asset tax which brings up problems for foreign investors.

There is no tax-exempt option for foreigners