INCOME MERSIN answer
Do I need to pay tax when selling real estate in Turkey and how much?
Yes, there is a tax on the sale of real estate in Turkey if the property has been owned for less than 5 years.
The tax is levied on profit calculated as the difference between:
- cadastral value upon purchase
- cadastral value upon sale
Income tax rates in Turkey:
| Growth Range / Profit | Tax rate |
|---|---|
| Up to ~110,000 TL | ~15% |
| From ~110,000 to ~230,000 TL | ~20% |
| From ~230,000 to ~580,000 TL | ~27% |
| From ~580,000 to ~3,000,000 TL | ~35% |
| Over ~3,000,000 TL | ~40% |
Important:
- If there was no increase in cadastral value, no tax is charged
- Regular indexation of cadastral value for inflation is not considered profit
- If the transaction is properly executed, it is often possible to avoid taxes entirely
For a safe and profitable sale of real estate in Mersin, we recommend contacting the INCOME MERSIN real estate agency.