This is the tax you are obliged to pay if you sell your real estate within five years of the purchase date mentioned in your Turkish title deed. Your profit will dictate the rate you will pay as Capital Gains Tax (Profit less than 6,000 Turkish Lira, no CGT; profit between 6,000 Lira and 7,000 Lira, 15%; profit between 7,000 Lira and 18,00 Lira, 25%; profit between 18,000 Lira and 40,000 Lira, 27%; profit any amount over 40,000 Lira, 35%).
Investors will not pay double tax in their country when they bring their money back to their country. Another advantage for foreign investors is that if you acquire a property in Turkey through a company you own and operate in Turkey, you will not be charged with a Capital Gains Tax because it is considered normal business revenue and taxed respectfully.
Capital Gains Tax (on sale of property)
This is the tax you are obliged to pay if you sell your real estate within five years of the purchase date mentioned in your Turkish title deed. Your profit will dictate the rate you will pay as Capital Gains Tax (Profit less than 6,000 Turkish Lira, no CGT; profit between 6,000 Lira and 7,000 Lira, 15%; profit between 7,000 Lira and 18,00 Lira, 25%; profit between 18,000 Lira and 40,000 Lira, 27%; profit any amount over 40,000 Lira, 35%).
Investors will not pay double tax in their country when they bring their money back to their country. Another advantage for foreign investors is that if you acquire a property in Turkey through a company you own and operate in Turkey, you will not be charged with a Capital Gains Tax because it is considered normal business revenue and taxed respectfully.