Alanya Ortak Kuruluş Real Estate
Alanya Ortak Kuruluş Real Estate
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What You Need to Know About Property Taxes and Legal Processes in Alanya

What You Need to Know About Property Taxes and Legal Processes in Alanya

Alanya, renowned for its beauty as a holiday destination, is also an attractive area for property investors. If you're considering buying property in Alanya, it's essential to understand property taxes and legal processes. In this article, you'll find fundamental information about property taxes and legal processes in Alanya.

Property Taxes

  1. Property Tax Everyone who owns property in Alanya is required to pay property tax. This tax is paid to the municipality where the property is located and is usually collected twice a year. Property tax rates vary depending on the type of property and its location. In Alanya, property tax rates generally range from 0.1% to 0.6%.

  2. Environmental Cleaning Tax Environmental cleaning tax is another tax collected by municipalities. It is levied in exchange for the environmental cleaning services provided to residential and commercial properties. This tax is paid annually and is usually included with the water bill.

  3. VAT (Value Added Tax) VAT is applicable to sales of newly built residential and commercial properties. In Alanya, VAT rates can be 1%, 8%, or 18% depending on the type and size of the property. VAT is not applicable to second-hand property sales.

Legal Processes

  1. Title Deed Transactions When you buy property in Alanya, you need to apply for title deed transactions at the Land Registry and Cadastre Directorate. During the title deed process, documents such as identification cards of the buyer and seller, property title deed, and sales contract are required. The title deed fee is divided equally between the buyer and seller and is set at 4% of the property's sales price.

  2. Occupancy Permit (Iskan Belgesi) If you're buying a newly built property or apartment, you need to obtain an occupancy permit. The occupancy permit indicates that the building is completed and granted permission for occupancy. This document is issued by the municipality and confirms that the property is legally ready for use.

  3. Tax Number To own property in Turkey, you need to obtain a tax number. Foreign nationals can obtain a tax number from the Tax Office or online. A tax number is required for title deed transactions and other official procedures.

  4. Property Acquisition for Foreigners Foreign nationals can buy property in Turkey, but there are certain restrictions and procedures to follow. For example, foreigners are prohibited from acquiring property in military zones and strategic areas. Also, the total land area that foreigners can own should not exceed a specified limit. Before the purchase, foreign buyers need to apply to the Land Registry and Cadastre Directorate to obtain permission for property acquisition.

  5. Sales Contract In property buying and selling transactions, a sales contract is signed between the buyer and seller. The contract specifies details such as property characteristics, sales price, payment plan, and other important terms. The sales contract can be made in the presence of a notary, providing legal assurance to both parties.

Conclusion

When investing in property in Alanya, having knowledge about property taxes and legal processes ensures a smooth transaction process. By carefully monitoring aspects such as property taxes, title deed transactions, occupancy permits, and the property acquisition process for foreigners, you can confidently enjoy the advantages of owning property in Alanya. Seek assistance from expert consultants to navigate through these processes correctly and comprehensively.

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