Why to Avoid Tax Evasion > Risk of being involved in an anti-money laundering activity
Are you a tax evader?
Can the financial penalties charged on a tax evader be amnestied? How?
The principal term of the financial penalty and interests charged on a tax evader
Risk of paying much more personal income tax in case of a sale
Risk of being paid very low compensation in case of nationalisation
Risk of re-mortgaging your property at a lower value
Risk of being involved in an anti-money laundering activity
Risk of being included in the black lists of financial organisations
Other important points
Money-launderers heavily make use of property sale/purchase transactions everywhere in the world. The Turkish Government is aware of this and very keen to take necessary measures to prevent money-laundering. Money-launderers, fraudsters and those involved in such cases are heavily punished in Turkey when they are detected.
Within this context, the property market is expected to be very closely watched by the State. Inconsistencies among the figures of TAPU, banking transfers, taxes etc. are very likely to draw anti-money laundering inspectors’ attention.