different ratio. There are properties that can be transferred to the owner at no charge through prizes or gifts or donation and so on, including what was obtained through inheritance.
The tax rates mentioned in Article 16 of Law No. 7338 have been determined by increasing the rate of re-evaluation provided. Accordingly, inheritance and transfer taxes imposed on the value of the property( tax brackets) are calculated in transfers through inheritance, or through free transfer( donation, prizes, etc.) Effective 1 January 2017 as follows:
Tax Brackets |
|
Tax rate |
|
Value of properties In euros |
Value of properties In Turkish lira |
Transition through inheritance |
Free tra( Donati |
or less € 53,333 210,000 TL 1 % 10 %
170,000 € 500,000 TL 3 % 15 %
426,667 € 1,110,000 TL 5 % 20 %
926,667 € 3,820,000 TL and more 7 % 25 %
10 % 30 %
Applying taxes on foreigners in Turkey:
Turkey ' s tax system is applied to both Turks and foreigners, according to the senior adviser of the Investment Promotion and Support Agency of the Turkish Prime Minister Dr. Mustafa Kukso Pointing out that the citizens of all countries are treated as Turkish citizens for tax equally and there is no difference between the foreign nationals and Turks.
When should the Turkish inheritance tax be paid?
Under Turkish law, the inheritance tax should be paid within a maximum period of 3 years and is to be paid in May and November each year.
Can you write a will in Turkey?
As in many countries of the world, anyone in Turkey can write a will explaining for whom he / she wishes to leave the properties after death, and the competent courts will consider the will of the person after his death.