Fiscal news for investors in holiday homes in Turkey

In Turkey you don’t pay any tax on the profit at sale of a house if the house is registered for a minimum of 4 years on your name. If you anyway wish to sell your house within 4 years , then the added value/profit up to 13.000 Lira falls under the Turkish wealth tax. If the profit at sale of a house sold within 4 years is over 13.000 Lira, then the declared profit falls under the Turkish income tax.
In Turkey you pay a conveyance tax on the sale or purchase of a house. This tax amounts 3% of the declared value. Belgium and Turkey have an agreement by which the added value on your Turkish property is not taxed in Belgium.

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