Real Estate in Turkey FAQ About Ownership in Turkey | Page 2

Finally: apply for transfer land ownership request to the security authorities and
please know that the approval of the security takes a period of time that ranges
between 1 to 45 days. We advise not to pay the full amount before receiving the
Title Deed, and never before that. Go with the seller to the Land Registry
Department (instrument) when the approval is issued, and it is better to take an
interpreter with you to make sure of the validity of the data, the property
identification number (PIN), and the area of the property.
The payable expenses by the customer and the seller are the buying and selling
tax, which is almost about 3% of the property value in addition to the tax of
exchange for a bill of the property value, which is 1% of the property value and
this is paid by the buyer.
Q3: What is the tax number? How do I get it?
Tax number in Turkey (vergı numarsı) is a number of your own; you are
sometimes asked for it in legal and official transactions or when opening a bank
account in Turkey. You can get this number, regardless of the existence of the
residence permit in Turkey, easily through the following:
a. You must get a copy of your passport and provide your address in Turkey.
b. Go to the nearest tax directorate (vergı müdürlüğü) in your region and ask for a
tax number.
c. In the tax directorate, they will enter your data into the system and give you a
card with a tax number of your own on it.
Q4: Is it possible in Turkey to buy a property bankrolled by an Islamic bank,
as is the case in the Gulf States?