Most of the tax laws in Turkey apply to Turkish citizens and foreigners , including the property inheritance tax.
The property inheritance tax is one of the advantages of real estate ownership in Turkey due to its low percentage compared to property inheritance taxes in Europe, despite the same luxury and services provided.
The property inheritance tax in Turkey is related to two main factors: the location of the property and its value.
Thus, the value of taxes ranges between 1 to 10%, according to the following:
1% tax is given for real estate valued at €53,333 and less
3% for properties valued between 53334 - 17,000
5% for properties valued between 170,001 - 42667
7% for properties valued between 42668 - 926667
10% for properties worth more than 926667
Additional amounts related to the heir's residence status in Turkey or the type of residence he owns, in addition to the property location tax, are also added to the tax.
The property inheritance tax is paid in Turkey in the months of May and November of each year, and it can be paid in installments, but for a maximum period of three months.
