PROPERTY BUYERS GUIDE,KUSADASI
Joined: 28 Feb 2008
Posted: 26 Jan 2009 at 11:26pm
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.
Who Can Own Kusadasi Property ?
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.
Selling Property in Kusadasi ?
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.
Property & Conveyancing in Turkey
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.
FOR INFORMATION RE PROPERTY ADVERTISED ON THIS FORUM PLEASE EMAIL US AT
|Forum Jump||Forum Permissions
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot delete your posts in this forum
You cannot edit your posts in this forum
You cannot create polls in this forum
You cannot vote in polls in this forum