Property in Alanya. Ideal Estates, +90 532 236 1 777

Legislation and Taxation

Tax on Real Estate

Tax on Property Income in Turkey

Rental Revenues Individuals' net rental income is liable to income tax at progressive rates. Nonetheless, a specific threshold amount is free from taxation if the property is rented out as a residence. Either the lump sum approach or the actual deduction method can be used to work out net rental revenue. The actual deduction method subtracts actual costs from the gross rental income, including...

Foreigners ownership

Homeownership Rules for Foreigners

The Progression of the Relaxation of the Rules The Turkish real estate market didn't originally allow international purchasers until 2002. However according to the "reciprocity clause," only inhabitants of nations that granted Turkish citizens reciprocal rights, such as Britain, Germany, and the Netherlands, were permitted to own property, and they were only permitted to do so in a select few zones. The...

Annual Property Tax

Annual Property Tax Rate in Turkey

The actual cost of real estate is not heavily taxed in Turkey, however, there are costs associated with the transfer phase of the transaction. The Yearly Property Tax is the sole tax related to real estate that must be paid annually in Turkey. The annual property tax varies depending on many factors. You must provide the Turkish government with an extra yearly tax if you own property there. Turkey's...

notary sales

Notaries – New Property Sales Law

Real estate notary sales are now possible in Turkey. According to new legislation, Turkish notaries may now handle real estate transactions in addition to working with land registry offices. An important part of the Turkish economy is the real estate industry. It accounts for around three million of the 15 million transactions that Turkey's land register offices handle annually. Yet, the increased...

notary fees

Notary Fees for 2023

Current Public Notary Fees 2023 | Power of Attorney Notary Fees The most recent list of notary costs for the year 2023 has been released. Prices for general Power of Attorney (POA) and notarization of property title deeds and automobile transactions are regularly requested in the modern day. This year, 148.50 TL was set as the administrative paperwork charge. The notary public receives 171 TL on the sale...

Citizenship by Investment

Citizenship by Investment Update

Ideal Estaest, with its extensive experience in the construction and real estate industry, caters to both domestic and foreign real estate investors in Turkey. We provide services for the sale of housing and land, as well as investment consultancy. With a growing demand from foreign investors, we offer a diverse range of high-quality luxury portfolios. These attract investors from Europe, the Middle East,...

foreign Exchange

Foreign Exchange Document

On January 24, 2022, the Turkish government announced a new amendment regarding real estate purchases for foreign buyers. The regulation mandates that the sales amount of the property must be converted into Turkish Lira through The Central Bank of the Republic of Turkey. A Foreign Exchange Document must be obtained before the sale is executed. Foreign Exchange Document The Land Registry Office will...

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