Real estate tax is a type of tax that is legally regulated and given for buildings, plots and lands within the borders of Turkey. Real estate tax, which is divided into building tax and land tax, is paid by the owner. If they are not the owners of the immovable, the persons to whom the land or the building has been transferred are liable to pay the tax. The start and end of the liability in real estate tax occurs with the purchase or sale of the real estate.
A declaration is not required for the real estate tax, but a declaration of receipt of the purchased property must be submitted. If you are buying a new house or plot of land, you must show the municipality that you have purchased the property before paying the real estate tax. You can also perform this process called real estate declaration via e-Government or by applying to the relevant municipality.
When Is Real Estate Tax Paid?
Real estate tax is a type of tax that must be paid to the municipality of the person who owns the property. Real estate tax is paid on the property owned and based on the value of the property. Beginning and ending of liability for real estate tax takes place together with the purchase and sale dates. It is legal to be paid in 2 equal instalments per year. The first instalment of the real estate tax is paid to the municipality in March, April and May of the same year and the second instalment is paid to the municipality in November.
Liability in Real Estate Tax
In real estate tax, tax liability begins with the right to own the property in question. In other words, it means that the person who buys the property or owns it in various ways has started to have an obligation regarding that property. However, the former owner of that property must pay the tax debt in the first year. Nominately, you are the owner of a house at the beginning of 2022 and you sold that house during the year; the person selling the house is responsible for the tax to be paid on the house in question in 2022. If there is already a tax debt, it will not be possible to buy and sell the property.
Beginning and ending of liability for property tax, means that the obligation starts as of the purchase of real estate, but the liability the begins the next year. The buyer of the property must notify the relevant municipality of the purchase and submit it within 3 months from the purchase date. In the case of joint ownership, the owners are expected to be subject to taxation jointly and severally and in this case, the tax liability is also joint. Disposal of the said real estate in different ways such as selling, donating, legating also means the expiry of the real estate tax liability.
Who Should Pay the Real Estate Tax?
Real estate tax is calculated and paid at the time of purchase or transfer of a property after it has been registered with the relevant municipality. Taxes: If there is ownership of building, land and plots and both are paid by the account owners, the real estate ax is paid by the beneficiaries. Construction and real estate tax liability for these taxpayers begins one year after the date of purchase. In short, the person who is the legal owner of the real estate must pay the tax in question on time.