Property Income Tax in Turkey

Will I pay tax if I sell my apartment before 5 years from the date of purchase?

Of course! When you sell an apartment in Turkey sooner than 5 years from the date of purchase, you will be liable to pay a capital gains tax. This tax is based on the difference between the purchase price and the sale price. It is important to note that the value is adjusted for inflation during the period of ownership of the property.

The percentage of tax and the rules for its calculation are determined by the income tax legislation in Turkey. To clarify the current rates and rules, it is recommended to contact the country's tax authorities or consult with local tax experts.

It is important to take this into account when planning the sale of real estate to avoid unexpected financial obligations.