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Tax to purchase real estate in Turkey will fall twice

Tax on purchase of real estate, which the owners pay when receiving Tapu to fall twice. This was told by the Minister of Finance of Turkey Naci Agba: "In a short time instead of 4%, which the owners were paying before, will need to make to the Turkish treasury only 2%. The percentage will be deducted from the amount to which the municipal authorities have estimated the cost of an apartment or villa. "

This is done in order to facilitate the purchase of real estate investors. This is especially beneficial to those who buy luxury apartments or villas.

However, after the new law comes into force, change and other rules of buying and selling real estate. Earlier in the Title Deed could indicate a price lower than the real value of the property, to respectively reduce the amount of tax, it is now a "move" will not be possible. The cadastral value should be the same as the price that the seller is requested.