Foreign nationals are taxed in Turkey on income obtained from renting property in Turkey and are liable to a number of other property related taxes outlined below. The tax year in Turkey is the calendar year.

Turkey has many double taxation agreement with different countries around the world. If there is a double taxation agreement (DTA) between your country and The Republic of Turkey, for the avoidance of double taxation, and the prevention of fiscal evasion with respect to taxes on income and capital gains, then you only pay tax in Turkey, you need proof of payment, so you don't have to declare and pay the tax, when you transfer the money back to your country.




Real Estate Capital Gains Tax will have to be paid if you sell your property within 5 years of  purchase.

If you have taken out a mortgage to finance your property, the interest payments and other expenses will be included in the value of the property.

The tax is calculated by:

  • Adding onto the purchase price of the property, the annual inflation cost . This cost is then deducted from the sale price of your property.
  • looking at the balance, if this is higher than the Government allowance declared each year.


Income Tax Allowance Exemptions

Year Allowance amount
2020 18.000 TL
2019 14.800 TL
2018 12.000 TL
2017 11.000 TL
2016 11.000 TL



January 2017 Purchase Price 200.000 TL
January 2018 Selling Price 270.000 TL
Inflation Added 230.931 TL
Selling Price 270.000 TL
Difference Between Value/Selling 39.069 TL
Allowance 2.000 TL
After Allowance 27.069 TL
Tax Payable 4.473 TL



January 2017 Purchase Price 200.000 TL
January 2019 Selling Price 320.000 TL
Inflation Added 265.931 TL
Selling Price 320.000 TL
Difference Between Value/Selling 54.069 TL
Allowance 14.800 TL
After Allowance 27.069 TL
Tax Payable 4.673 TL



January 2017 Purchase Price 200.000 TL
January 2020 Selling Price 380.000 TL
Inflation Added 308.614 TL
Selling Price 380.000 TL
Difference Between Value/Selling 71.386 TL
Allowance 18.000 TL
After Allowance 53.386 TL
Tax Payable 10.772 TL





In 2020 earnings above 6.600 TL rental income, will declare and pay income tax

Earnings above 6.600

When you earn more than 6.600 TL from your residential property first this 6.600 TL allowance  will be deducted, the expenses will be deducted up to %15, the balance will be subject to income tax




Up to 22.000 TL


3,300 TL For   22.000 TL of 49,000 TL, EXCESS


8,700 TL For   49,000  of 120.000TL ,  EXCESS


27,870 TL For   120.000 TL OF 600.000 TL ,EXCESS


ABOVE 600.000










Real estate income





Allowance 2020)








Amont Subject to Tax




Tax payable








Local property tax is payable in two equal instalments, the first in May and the second in November. You have to contact your local municipality (Belediye) for further information and payment options. Tax is calculated based on the value of the property and is subject to thresholds set by the tax authorities as follows:

For real estate located outside of a metropolitan municipality area: Residences 0.1%






New Build    
€ 950,000




Super lux flat and 350 meter to sea. 2 bedroom 1 living room and sea view. Beautiful swimming pool, Smart home systems, Heat, sound and water isolation, Led lighting, Air Conditioning Installation, Floor heating installation, Independent central TV and internet in every room, Elevator, Security and camera systems, Fingerprint, encrypted door and alarm,
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€ 1,250,000




Saygın Exclusive modern apartments in Altinkum with breathtaking sea view are just a minute walk distance from the golden sands and promenade. Relax by the pool or go to the beach. Due to the central location of our Complex, there is a great selection, of bars, restaurants, clubs, supermarkets, and shops everything you need is on the doorstep of the complex. The nearby beach offers private beach clubs with beachside restaurants and bars. Have a walk along the Altınkum promenade, visit the Apollon Temple, Mavisehir, beautiful Akbuk bay, or you can visit the stunning Bafa Lake and national park.
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€ 1,150,000




These beautiful modern large luxuriously villa made with fine craftsmanship villa boasts 5 rooms, 1 living room in a 200 square meter area, and has the most wonderful sea view from the terrace. The kitchen and living room are separate and includes 3 bathrooms, 3 toilets. The villa is located in a quiet are and is about 2 kilometers from the center of Didim but still only 5 minutes by car. The Villa has a great sized shared pool.