Calis Beach and Fethiye Turkey Discussion Forum
Property For Sale in Calis Beach & Turkey => Buying Property in Calis Beach, Fethiye and Turkey => Topic started by: tintin1504 on December 31, 2009, 12:17:17 PM
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Hi,hope someone could point me to a link or advise.
What is the current rate for property purchase tax ,I believe it was 1.5% of purchase price.Is this correct?T.
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Technically yes but in recent times the buyer also pays the seller's 1.5%. This is based on the tapu value which is normally substantially less than the purchase value.
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Thanks for that Scunner, that's helpful especially the second part!.T.
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Ah yes, a great con for "certain" estate agents is to charge 3% of the purchase price to the buyer, pay 3% of the tapu value to the government and pocket the rest. Like the commission wasn't enough!
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quote:
This is based on the tapu value which is normally substantially less than the purchase value.
Isn't declaring a lower value illegal and been the subject of a crackdown and prosecutions by the Mugla Province tax office?
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Declared values are provided by government now, not by chancers :)
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quote:
Originally posted by Scunner
Declared values are provided by government now, not by chancers :)
I know this is an old post but I've not been on the forum for a while, but on doing a bit of catching up I came across this.
When did this start and how do they work out the values. I ask because we are thinking of selling and our tapu was issued in April 2008 complete with what we were told was the "council valuation" ([naive I know NOW)read undervaluation here and this could drastically affect our CGT position.
Another question on that - when is CGT taken? At change over of tapu or do you have to declare it yourself.