Understanding Property Purchase Tax in Turkey
When buying or selling a property in Turkey, there is a standard property purchase tax of 4% of the property’s sales price. This tax must be paid to the Turkish tax authorities. However, in practice, this cost is typically split between the buyer and the seller, making each party responsible for paying 2% of the property’s value.
The property tax payment is essential for the transfer of ownership and should be completed at the time of title deed transfer (Tapu). It's important for both buyers and sellers to be aware of this tax obligation during the transaction process.
Key Points:
- Total Tax: 4% of the property’s sales price.
- Split Responsibility: 2% for the buyer and 2% for the seller (commonly).
- The tax is payable during the property transfer process.