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Turkish Capital Gains Tax

Foreign owners of Turkish property have to pay capital gains tax in Turkey on the sale of their Turkish property, if the property has been owned less than 4 tax years from the date of the title deed registration. If more than 4 years no tax has to be paid in Turkey.

The level of the tax is calculated from the difference in the gain in value and taxed according to the income tax bands in force in the year of sale. If in doubt contact a local accountant for further advice.