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CAPITAL GAIN TAX

CAPITAL GAIN TAX

In Turkey if property is sold after 5 years you don’t have to pay any tax from your capital gain. In case property is sold within 5 years then, you are obliged to pay tax for only 8000 TL of your capital gain in 2011.

See below the percentage of your tax you are obliged to pay if sold within 5 years;

0,000 TL               ---           9400 TL                 % 15

9,401 TL               ---           23,000 TL              % 20

23,001 TL             ---           53,000 TL              % 27

53,001 TL             ---           Above                   % 35