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The purchase of a property begins once a verbal agreement has been made between the seller and the buyer (usually through an agent acting as an intermediary). The property is then taken off the market, subject to payment of a reservation fee (normally around 1000 – 2000 Euros). The intermediary will then request a copy of the title deed (Tapu) from the seller in orderthat preliminary land and title searches can be made.

 

Tax Number

At this point we will visit the local Tax Office in order that the buyer / s can be issued with a Tax Number (this number has no taxation implications – it is a personal identification number issued for security purposes). This number is required in order to process the Tapu transfer. It is also a pre-requisite for a Turkish bank account and for a Residency Permit.

 

Sales Contract

A sales contract will be prepared relating to all interested parties – the vendor, purchaser and intermediary (agent). The contract will include include all relevant property information, vendor, purchaser and intermediary information and the appropriate stage payments. The contract will be in both Turkish and English (or alternative native language) – English or native language only contracts are not recognised in Turkish propertylaw.

 

Military Permission

All foreign individuals buying property in Turkey have to receive official permission (to buy) from the military authorities; this is simply to ensure that the property (subject to contract) is not located within a restricted or non-authorised zone.

Once this has been ascertained, the authorities will issue an official document stating that the individual / s is allowed to buy the property stated within the sales contract.

Tapu

The Tapu is a document that shows legal ownership of a property (equivalent to TitleDeed). The information contained within this document is the same as that recorded at the Land Registry Office – this information includes Property Address, Size (m2), Land Plot (on which the property is situated etc.).

 

This document is transferable each time the property is soldon.

 

PROPERTY PURCHASING COSTS  (all are one – off costs).

 

Tapu Transfer Tax

All property purchases are subject to a Tapu transfer tax of currently 4.0 % of the declared value of the property. Whilst the purchase price will be paid in Euros, the declared Tapu value will appear in Turkish Lira. For example, whilst the purchasing price may be 50.000 Euros, the Tapu value may be shown as 100.000 TL – therefore, the 4.0 % levy will be 4.000TL. This is paid prior to transfer of title deed (Tapu) to the new owner.

 

ISKAN (Habitation Certificate): 250 € – approximately. Utility Subscriptions: 300 € – Fixed Cost. Notary and Translation Fees: 100 € – approximately. Transfer of Property Usage Certication: 100 € – approximately.

Tapu

The Tapu is a document that shows legal ownership of a property (equivalent to TitleDeed). The information contained within this document is the same as that recorded at the Land Registry Office – this information includes Property Address, Size (m2), Land Plot (on which the property is situated etc.).

 

This document is transferable each time the property is soldon.

 

PROPERTY PURCHASING COSTS  (all are one – off costs).

 

Tapu Transfer Tax

All property purchases are subject to a Tapu transfer tax of currently 4.0 % of the declared value of the property. Whilst the purchase price will be paid in Euros, the declared Tapu value will appear in Turkish Lira. For example, whilst the purchasing price may be 50.000 Euros, the Tapu value may be shown as 100.000 TL – therefore, the 4.0 % levy will be 4.000TL. This is paid prior to transfer of title deed (Tapu) to the new owner.

 

ISKAN (Habitation Certificate): 250 € – approximately. Utility Subscriptions: 300 € – Fixed Cost. Notary and Translation Fees: 100 € – approximately. Transfer of Property Usage Certication: 100 € – approximately.

Procedures implemented in the purchasing process are as follows

  • Sales Contract , signed by the purchaser and the seller and also the agent
  • Required Documents, purchaser provides documents such as passport copy, photographies and some general information
  • Acquisition of Tax Number, will be provided by a Local Tax office directorate
  • Setting up a bank Account in the name of purchaser in any local bank
  • Purchaser gives authority to Seller / Trustee to act on his on her behalf in order to complete all transactions up to and including transfer of title deed
  • Title Deed Application
  • Title Deed Transfer
  • Key Delivery