Investment Guide

Beginning and Ending of Liability in Real Estate Tax

Beginning and Ending of Liability in Real Estate Tax

   The taxation of the building tax starts from the date of the date on which such changes occur and the discretionary action is taken in case of reasons that change the tax value, the date on which the discretionary transaction is carried out in every four years, and budget year following the date of exemption. Obligation for buildings that are burned down, destroyed, become completely unusable or subject to exemption while being taxable, the date of occurrence of such events shall expire following the installment. In addition, the taxes for buildings that are prohibited on the basis of the authorization given by the laws, will not be collected as long as these situations continue.

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