PROPERTY BUYERS GUIDE,KUSADASI

Kusadasi Properties Buyers Guide

The system of property ownership in Turkey is based on the title of the  property being registered at the Land Registry.

First the �reciprocity principle� must apply between the country of the person wishing to obtain acquisition of ownership. In other words, if a Turkish citizen can become the owner of real estate in the UK and Ireland, then the same right applies to a European citizen in Turkey.

Capital gains made from the sale of a property will be taxable in Turkey if the owner is a Company. Individuals do not have to pay capital gains, provided they have owned the property Kusadasi for five years. In the UK capital gains may be taxable depending on the individuals situation. Current tax conditions were originally agreed in a double taxation treaty signed in 1986. These were amended in October 1988 and cover the reciprocal agreement in relation to income tax and corporation tax in Turkey and income, corporation and capital gains taxes in the UK.

Ever since our firm was established in 2002 we have worked closely with Turkish lawyers particularly in connection with property transactions in the west of Turkey.
Persons wishing to buy property in Kusadasi, Turkey can be apprehensive about their choice of lawyer since they will not be familiar with the firms nor, in most cases, with the civil law system. We can put these misgivings to rest by recommending the lawyers we work with who are reliable and will provide an efficient and professional service.
We can further assist by explaining the civil law procedures and translating documents. If a client so wishes we can also act on their behalf, through a Power of Attorney or a written authority, to actually complete a purchase or sale of a property on their behalf