Securing your Turkish residency through real estate is accompanied by a strategically designed tax structure that offers immediate benefits and long-term predictability for foreign investors. Understanding these key fiscal advantages is crucial for an informed investment decision.
A significant initial benefit is the potential exemption from Value-Added Tax (VAT), which can be as high as 18% on new property purchases. This exemption is specifically available to foreign investors who do not already hold a Turkish residence permit at the time of purchase. This policy effectively rewards those using the property investment as their pathway to residency, providing substantial upfront savings and enhancing the overall return on investment.
Once the property is acquired, the main recurring fiscal obligation is the annual Property Title Deed Tax, commonly known as Tapu Vergisi. This is a modest levy, calculated at a rate between 2% and 4% of the officially declared property value. This predictable annual cost allows for straightforward financial planning and is considerably competitive within the international real estate market. This transparent and favorable tax environment, combining an initial VAT exemption with a clear annual property tax, makes Türkiye an exceptionally attractive destination for investors seeking both residency and a sound financial asset.
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Whether you need tax advice to prepare for a move abroad, to buy property or even retire, One World Migration can help. Consults upfront can help avoid costly mistakes and stress later.
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