+90 212 244 9222


Valuable Housing Tax Has Been Postponed to 2021

Valuable Housing Tax Has Been Postponed to 2021

With the Law on Amending Digital Service Tax No. 7193, Certain Laws and Statutory Decree No. 375 published on the Official Gazette No. 30971 and dated 07.12.2019; Real Estate Tax Law No. 1319 was regulated, and Valuable Housing Tax has been issued.

With the Bill of Law regarding Geographic Information Systems and Amending Certain Laws, which was discussed in Turkish Grand National Assembly, it has been decided to conduct certain amendments in the Valuable Housing Tax and make certain additions, including postponing the tax for 1 year. As per the decision, Valuable Housing Tax has been postponed 1 year and first declaration will be submitted in 2021.

According to the regulations, recent amendments are as below;

  • Liability of Valuable Housing Tax will start as of 2021.
  • Regarding Valuable Housing Tax; values determined by General Directorate of Land Registry and Cadaster will not be taken into account.
  • Regarding Valuable Housing Tax; real estate tax value of the property will be considered.
  • Residential properties owned by Public Housing Administration (TOKİ) have been exempted from Valuable Housing Tax.
  • Those who own a single residential property, are exempted from Valuable Housing Tax.
  • Residential property with the lowest value has been exempted from Valuable Housing Tax for those who own more than one property, which are subject to Valuable Housing Tax.

Valuable Housing Tariff has been revised as below.

Value of the House Tax Rate
Up to 5.000.000 TL Exempt
Between 5.000.000 TL and 7.500.000 TL (Including these amounts), For the part exceeding 5.000.000 TL (3 per thousand)
Up to 10.000.000 TL (Including this amount), 7.500 TL for 7.500.000 TL, For the exceeding part (6 per thousand)
For more than 10.000.001 TL, 22.500 TL for 10.000.000 TL, For the exceeding part (10 per thousand)

The upper and lower limits of the residential real estate values that are the basis of tax rates will be increased by half of the revaluation rate each year, determined in relation to the previous year.

Relevant circular in Turkish regarding the subject can be accessed from here.

Written by Selma Kıy, Posted in Taxation Law

  • Notification!

    Contents provided on this article serve to informative purpose only. The article is confidential and property of CottGroup® and all of its affiliated legal entities. Quoting any of the contents of this notification without credit being given to the source is strictly prohibited. Regardless of having all the precautions and importance is put in the preparation of this article, CottGroup® and member companies cannot be held liable of the application or interpretation of the information provided. It is strictly advised to consult a professional for the application of the above-mentioned subject. Prior to taking any action in regards the above, please consult your client representative if you are a customer of CottGroup® or consult to a relevant party.

About The Author

Selma Kıy

Certified Public Accountant - SMMM
This website is using cookies.
In this website, we use cookies to develop your user experience, obtain efficient work and track statistical data. You are agreeing to our use of cookies by browsing our website. Please review Çerezler (Cookies) page for detailed information of how we manage the cookies. This choice is valid for 30 days until you delete the cookies in your web browser.
Hizmetlerimiz devam ediyor.

Due to the Covid-19 Coronavirus pandemic to secure the health of our employees our business operations are held remotely until further notification. CottGroup® will have its business processes carried out efficiently and smoothly thanks to our BCP plans and strong technological infrastructure. As always, our customers and business partners will be able to reach us via our phones and e-mails.