Author Topic: Wanna buy a cheap villa?  (Read 3384 times)

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Offline JohnF

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Wanna buy a cheap villa?
« on: February 26, 2017, 09:10:11 AM »
This ones been on the cards for a while but was finally passed by the government last week.  The 18% KDV (VAT) normally payable on new build property has been done away with for first time foreign buyers, and Turks who've been out of the country for six months or more.  I think the KDV on smaller properties, less than 150m2, was only 8% so not such a big deal for the average buyer.

It only applies if you pay in foreign currency and you've got to keep the property for at least twelve months.

I'm fairly sure that KDV is only payable when you buy direct from the developer or builder, so now is the time to buy new builds and off plan folks - don't ask how much, ask how much have you saved!

HDN

JF




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