Sale and purchase

Question

Sale and purchase

Anna Kotkina asks:

I bought an apartment in 2021. I want to sell in 2022 and buy another one. Will I be charged 36% tax on the sale. After all, I'm buying another one.

06.07.2022

TURKEY. Consultation

Investments, leasing, sale

Expert answers (2)

Sofia Kristeva (MyAntalya Real Estate) · Answer 1 · 2022-07-07T10:30

Anna good afternoon! When selling your apartment, in the cadastral confirmation of the transaction amount, specify the amount that is not subject to tax, i.e. at the minimum cost that you can find out in the municipality by requesting the document required when making the transaction in the cadastral office.

Natalia Elmas Kara (ILKEM YAPI) · Answer 2 · 2022-07-06T15:41

Good afternoon. The tax on the sale of real estate is calculated from the difference in the cost of buying an apartment and selling it. The value that you specified in the cadastral office during the transaction is usually the cadastral value. The tax is charged when selling an apartment that you have owned for less than 5 years

Your expert Natalia Elmas Kara
Ilkem Yapi construction company