Your Tax Position
A tax agreement between Turkey and the U.K. has been ratified which prevents double taxation. Professional advice of your lawyer and accountant is strongly recommended. At time of purchase, the buyer and the seller pay a 3% tax on the official purchase price in equal parts.
As the buyer, you also pay the equivalent of approx. USD 12 each in education tax and documentation fees.
Annual tax is 2/1000 of the declared value to the municipality. Within 4 weeks of registration you also have to register with the local municipality for annual taxation. Failure in doing so results in a fine of approx. USD 10
Further resources are available upon request to info[at]marmarisinfo.com including the new Real Estate Law.
Amendment to the Law on Title Deeds Law No. 5444 Date of Adoption : 29.12.2005
For other real estate inquiries and questions please contact real estate consultants listed below