Real Estate in Turkey Property Gains Tax in Turkey

According to Article No. 81 pertaining to the tax law, taxes, fees, and selling expenses, like the expenses paid by the seller in the land registry department for example, all ought to be subtracted from the actual profit which is about 2% or something like that. 32041 - 4000 = 28041 Turkish Lira. By this, we can get the tax bracket (the basic value to determine the amount of tax). Subtract the tax write–off of the gains, which are determined by the Income Tax Department every year, from the tax bracket to get the basic taxable value. Tax write–off of Capital gains tax on property is as following: 2016 2015 2014 2013 2102 2011 2010 2009 2008 11000 10600 9400 8800 8000 7600 6800 6400 Turkish Lira Turkish Lira 9700 Turkish Lira Turkish Lira Turkish Lira Turkish Lira Turkish Lira Turkish Lira Turkish Lira Having the sale process made in 2014, subtract the exemption adopted in 2014, which is 9700 Turkish lira, from the tax bracket to get the basic taxable value. 28041 - 9700 = 18341 Turkish lira, the taxable value. The tax is deducted from the taxable value according to the following assessment role lists:

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