Taxes and Compulsory Insurance > Basic property-related taxes
Basic property-related taxes
What gains can be attained through property? Are those gains taxed?
Taxes and Compulsory Insurance
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Agreements for the Avoidance of Double Taxation
Avoidance of Double Taxation on Income Derived from Property
More-information-on-taxes
With regards to real estate in Turkey, following taxes or compulsory insurances are in question:
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Personal income tax (based on rental income and capital gains)
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Inheritance and succession tax
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VAT (if a commercial delivery takes place)
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Real estate tax (similar to the Council Tax in the UK)
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Real Estate Acquisition and Purchase Levy (at the time of purchase or sale)
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Stamp Duty (if a contract with a monetary clause exists)
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Environmental tax (collected through water utility bills)
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Corporate tax (in case of a commercial transaction of a company)
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Earthquake insurance (a nationwide contribution rate is applied)
You can find further information
about Turkish tax system in a
booklet
on taxation in Turkey, prepared by Turkish Revenue
Administration.