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INHERITANCE TAX

Individuals receiving Turkish property through inheritance are subject to taxes in Turkey. Inheritance tax is levied on the inheritance of each beneficiary at progressive rates. The rates vary depending on the taxable inheritance and on the relationship between the donor and recipient. Spouse and children of the deceased are allowed to deduct 118,438 TL each from the taxable base.

See below the rates for inheritance tax

0,00 TL                  ---           170,000 TL                          1 %

170,001 TL            ---           370,000 TL                          3 %

370,001 TL            ---           800,000 TL                           5 %

800,001 TL            ---           1,600,000 TL                       7 %

2,940,000 TL         ---           AND UP                               10 %