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Investment Guide

REAL ESTATE ACQUISITION AND INVESTMENT GUIDE IN TURKEY

Turkey, noting significant progress with its developing economy in recent years, investments in construction and real estate sectors, is becoming a center of attraction for institutional and individual investors. In this process, the country offers significant opportunities to foreign investors who need to master local dynamics to make successful investment decisions. As Trem Global team, we are closely following developments in order to provide support to investors in real estate acquisition and investment issues, which are highly dependent on internal and external factors and have unique problems, with our experienced and industry-dominated staff. In order to meet the needs of our customers in Turkey, and to help them achieve successful results in investment decisions we present Real Estate Acquisition and Investment Guide in Turkey to the investors, where we provide sector-specific knowledge. The information in this guide is general, not social, tax or legal advice.

1. Country Profile
  1. Geography and Climate
  2. History and Government System
  3. Turkey's Foreign Relations
  4. Population and Language
  5. Economy and Currency
  6. Conditions of Employment
    1. Residence Permit
    2. Work Permit
    3. Turquoise Card
    4. Acquisition of Exceptional Citizenship (Being a Turkish Citizen)
  1. Turkish Citizenship through Investment
  2. Reasons to Invest in Turkey
  3. Demographic, Economic and Sector Datas About Turkey
  4. How to Proceed in the Investment Process?
    1. Real Estate Acquisition Process
    2. Real Estate Retention Process
    3. Real Estate Disposition Process
  1. Property Tax
    1. Taxpayer of Property Tax
    2. Notices of Property Buyers or Acquisitors
    3. Beginning and Ending of Liability in Real Estate Tax
    4. Timeout in Real Estate Tax
    5. Rate of Real Estate Tax
    6. Calculation of Real Estate Tax
    7. Payment of Real Estate Tax
  2. Income Tax
    1. Liability of Income Tax
    2. Elements Of Income Tax
    3. Taxation of Real Estate Capital Income
    4. Determination of Real Estate Capital Income
    5. Collection Status of Real Estate Capital Income
    6. Precedent Rent Cost
    7. Exemption of Real Estate Capital Income
    8. Declaration of Real Estate Rent Income
    9. Taxation Of Real Estate Value Increase Gains
    10. Continuously Buying and Selling Real Estate
    11. Income Tax Return, Place and Time of Payment
  3. Environmental Service Taxes
  4. Earthquake Insurance
  5. Inheritance and Transfer Tax

Continuously Buying and Selling Real Estate

In the case of continuous real estate trading, the income obtained is not taxed as an increase in value but as a commercial gain. Sales made within a commercial organization, even if a single sale has been made, will be considered as commercial gain, if more than one sale has been made without a commercial organization (more than one in one year or one in each year) it will be necessary to determine the purpose for which the sale was made.

    In this case, trading transactions for profit-making purposes should be evaluated within the scope of commercial gain, while trading transactions for personal needs or for the protection of wealth should be evaluated within the scope of increase in value gain. At the same time, if such gains are earned by a business entity, the income is taxed as business income. The income obtained from the sale of the land purchased and acquired by Trampas in part or in whole within 5 years from the date of acquisition by being parceled and sold in this period or later years are taxed as commercial gain.

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