THE SALE OF THE HOUSE YOU BOUGHT IN 5 YEARS

If you want to sell the houses you bought before 5 years in Turkey, you need to know them!

80 of the Income Tax Code. according to the article, they are subject to "Capital Gains Tax" when they are sold within 5 years from the date of purchase, excluding inherited or donated housing.

How is this tax calculated?

Adjusted for inflation, by calculating the difference between the value of a home purchase and sale of inflation determines the real gain, regardless obtained.

The exemption amount announced each year, the title deed certificate fee paid during the purchase, and the amount of interest paid before the sale, if a mortgage loan is used, are deducted from this income.

Therefore, the "taxable amount" is difficult. "Tax amounts" are applied to this amount

the announced exemption amount for the year 2022 is 25.000,00 TL. It should be noted that the fees of the Municipalities where the real estate is located may differ.

Fines will be paid as a result of non-payment of taxes on the sale of real estate.