Real Estate in Turkey Property Gains Tax in Turkey | Page 2

Calculation of the tax shall be as follows:
Multiply the price of purchasing of the real estate in Turkey by the proportion of the rate of
rising of the Local Producer Price Index (Rate of Inflation). The rate of rising of the Local
Producer Price Index can be gotten by dividing the proportion of rising of the price index in the
month before the sale of the real estate to the proportion of rising of the price index in the
month before buying the real estate. Then multiply this rate by the price of purchasing of the
real estate to get the actual price of buying the real estate (price of purchasing of the currency
in the date of sale).
120000 x (232, 57 / 166, 52) = 167597 Turkish Lira the actual price of the real estate (the price of
purchasing of the real estate of the currency of the current day). Then subtract the actual price
of purchasing from the sale price to get the actual profit of the real estate, which is defined in
terms of taxes as "the earnings before tax."
200000 - 167959 = 32 041 Turkish Lira, the actual profit.