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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

Exemption of Real Estate Capital Income

The income obtained from the renting of the buildings as a residence within a calendar year is exempt from the income tax of TL 5.400 for the 2019 calendar year (TL 4.400 for the 2018 calendar year).

    Those who cannot benefit from real estate capital income exemption; those who are obliged to declare their commercial, agricultural or professional earnings by annual declaration (including the owners of commercial proceedings subject to simple procedure), income from buildings rented outside the home, those who have received proceeds on the limit of exception and have not declared or are under-declared, the wages obtained separately or together, regardless of whether or not a declaration is required, the sum of the gross income of real estate capital income and other earnings and revenues is classified as those exceeding the amount included in wage income.

    The rental income obtained must exceed the exemption amount. Otherwise, if the rent income obtained is below the exemption limit, the income does not need to be declared with the annual income tax return.

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