Property Rental Process for Foreigners in Turkey
August 31, 2023Best Property Investment Opportunities in Antalya
August 31, 2023Antalya is a city that attracts the attention of investors with its beautiful coastline, historical texture and touristic charm. However, one of the important factors you need to consider when buying property in Antalya is taxes and fees. Understanding what taxes and fees are in the property buying process is of great importance in terms of planning your investment. In this article, we will provide detailed information about the taxes and fees paid when buying property in Antalya.
Taxes and Fees Paid in Property Purchase
- Title Deed Fee: A title deed fee must be paid when owning a property. This fee varies according to the value of the property and is charged as a certain percentage of the purchase and sale price.
- VAT (Value Added Tax): VAT is paid on the purchase of new buildings and residences. Rates may vary and are usually calculated over a certain percentage.
- Property Tax: Property owners pay property tax annually according to the value of the property they own. This tax is paid to local municipalities and may vary depending on the value, location and use of the property.
- Notary Costs: You may need to obtain notary services for property purchase and sale transactions. Notary costs should also be included in the cost of property purchase.
- Licence Fee: A licence fee may need to be paid for newly built or heavily renovated properties.
- Iskan Fee: It is a fee paid for obtaining a certificate of occupancy for new buildings or residences.
- Revolving Fund Fee: Some municipalities may charge a revolving fund fee arising from property purchase and sale transactions.
- Title Deed Transactions Expenses: Expenses paid during title deed procedures can also increase the cost of property purchase.
Importance of Getting Professional Help
It is very important to get professional help on taxes and fees when buying property in Antalya. Property consultants or tax experts can provide you with the right information and guidance. Understanding when and how all kinds of taxes and fees are paid is critical to the healthy progress of your investment.
Taxes and Fees When Buying Property in Antalya
When buying property in Antalya, taxes and fees are important elements to be taken into account in the investment process. Title deed fee, VAT, property tax and other fees affect the cost of owning a property. With professional help, you can manage the payment processes of taxes and fees correctly and make your investment more secure.