Guidance Of Real Estate VAT Exemption in Turkey

Previously , we talked about property purchase taxes in Turkey, also we mentioned a tax called the property added tax or VAT tax, which is the property sale tax, with its value ranging between 1-8% of the property value. The 6824 law identified  exemptions from real estate tax, which are:

• The property should be residential or commercial and not a plot of land.
• The property owner must have owned it for a full 5 years.
• To be the first person to own the property as he either built it or purchased it from a construction company directly “to ensure that he is not a real estate broker”
• The buyer should be non-Turkish and not residing in Turkey for a period exceeding 180 days.