New Tax System Coming to Real Estate

New Tax System Coming to Real Estate

It is stated that a new tax system is being worked on for the real estate sector. In the new period, real value will be taken as basis instead of market value in real estate purchases and sales. Technical studies will be carried out to monitor the value of real estates

Action has been taken to prevent tax losses due to market value in real estate. In the new period, taxation in real estate purchases and sales will be calculated based on real value, not market value. According to the news, technical infrastructure will be developed to monitor real estate value changes and create real estate value maps. The system where data on the values ​​of real estates and ownership information will be kept will be integrated into the Land Registry and Cadastre Information System.

A law change will be made after the technical studies are completed. According to the information obtained, the application of taxation based on real value will be put into effect in 2026. In the current system, the buyer and seller pay a title deed fee of 20 per thousand each in real estate purchases and sales. The buyer and seller are required to declare the real purchase and sale price, which should not be below the real estate tax value of the real estate.

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