Inheritance and gift tax

2010 beneficiaries and recipients of property as a gift or inheritance must pay tax on inheritance and gift tax at rates from 1 up to 30%. Tax is payable for three years in two equal payments in May and November. Turkish citizens must pay inheritance tax or gift tax regardless of the country from which they got a property. Foreigners-residents must pay tax on inheritance and donations of property received from the Turkish citizens and property in Turkey and obtained from foreign citizens, residents or non-residents. Foreign citizens-non-residents are taxed on inheritance and gift tax only on property located on the territory of Turkey.

Rates of inheritance tax and gift tax in 2010 in Turkey

Taxable Base (TL)

Rates of inheritance tax in Turkey

Gift tax rates in Turkey

0-160 000

1%

10%

350 000 - 770 000

3%

15%

770 000 -1 500 000

5%

20%

1 500 000 -2 780 000

7%

25%

2 770 000 and more

10%

30%

 

 

 

 

 

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