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When you buy a property in Turkey, you become an owner of your own piece of paradise in the country which is famous for its sunny weather, white sandy beaches, pine forests and breathtaking views of the mountains. It is known that Turkey is very friendly towards foreigners who are willing to buy a property there and it offers a great...
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Turkey has become one of the most popular destinations for tourists and expats from all over the world. Every year more than two million tourists from the UK alone visit Turkey. So, let's look what you should know before going to this country. ENTRY REQUIREMENTS IN TURKEY Citizens of the majority European countries, including the UK, the...
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A foreigner can get a residence permit if they are married to a Turkish resident or one of their family members has a property in Turkey. As a rule, if one family member gets a residence permit, the rest of the family can also apply for a residence permit: the spouse, children under 18 years old. Other relatives may also obtain a residence permit,...
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When choosing a country for buying a property, you should also consider the size of tax fees and how the tax system works for foreign property owners. Turkey offers a much friendlier tax policy than many other countries and is a good choice for foreigners who are thinking of investing in overseas property. PROPERTY TAXES In Turkey, foreign and...
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When buying real estate in Turkey, it is important to consider not only its overall cost, but the price of its future maintenance as well. Aidat is a monthly maintenance fee in Turkish and it is governed by the law of condominiums. According to this law, only General Assembly of homeowners is to set the size of aidat. The board of the residential...
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If you have a property in Turkey, in accordance with the Turkish tax legislation you must pay income tax from renting. The tax is paid in equal installments twice a year. Payment method: Bank or the Tax chamber. The minimum rental income, which is not taxed, is: For housing – 6,600 Turkish liras per year; For commercial properties – 49,000...
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Before planning your trip to Turkey, make sure you check visa requirements. Most visitors from European countries do not require a visa to visit Turkey if they spend up to 90 days per visit and 90 days per a 180-day period. From March 2, 2020, residents of the following countries can enter Turkey without a...
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ISKAN is a habitation certificate, which proves the right to use a property or its part (for example, an apartment in the residential complex) as a residential property. ISKAN contains the information about the property: the number of storeys, the number of apartments, the area of the property and many more. There are two types of this document:...
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Yes, foreigners can surely rent out their own property in Turkey. In fact, it is a great option if you are buying a property as an overseas holiday home. On the one hand, you get a holiday home and on the other hand, you get an additional income source by renting it out when you are not using it. The high season for holiday rentals in Turkey is...
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When buying a property in Turkey, you should keep in mind that it will require running costs. They include: registering a title deed, TAPU; annual property tax; utility bills; monthly payment for property maintenance (aydat). The property tax is paid annually. The amount of tax payment is calculated based on the cadastral value. The tax...
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