Veraset ve İntikal Vergisi – Taxation of Estates between Abroad and Turkey
Anyone who inherits or receives a gift of assets in Turkey is generally subject to the Veraset ve İntikal Vergisi, i.e., Turkish Inheritance and Gift Tax. This tax affects both persons resident in Turkey and international heirs who inherit assets or real estate in Turkey. In this article, we explain when tax liability arises, which allowances apply, and how double taxation can be avoided.
Tax liability usually arises upon the death of the deceased or the transfer of assets. Anyone receiving assets in Turkey must submit an Inheritance Tax Declaration (Veraset Beyannamesi) to the competent tax office within four months (for deaths occurring in Turkey) or longer periods (for deaths abroad) after becoming aware of the inheritance.
Turkish inheritance tax is progressive. It depends on the value of the inherited assets and the degree of kinship. The tax starts at 1% and can amount to up to 30% (though typically lower for close family).
The exact amounts are adjusted annually by the Turkish Ministry of Finance.
Turkey has Double Taxation Agreements with many countries, but specific provisions for inheritance tax vary. If you are subject to unlimited tax liability in your home country (e.g., UK, USA, Germany), you may have to declare your worldwide assets there. The tax paid in Turkey can under certain circumstances be credited against the tax in your home country.
An heir living in London inherits an apartment in Antalya. This real estate is taxed in Turkey. If the same inheritance is reported in the UK, the tax paid in Turkey can be credited under certain conditions. Without timely tax planning, however, there is a risk of double burden.
The Inheritance Tax Declaration must be submitted within the statutory periods. It is submitted to the Veraset ve İntikal Vergisi Dairesi of the respective tax office. The following documents are required:
Our law firm handles the complete tax administration and communication with the authorities upon request.
Depending on the asset value and degree of kinship, between 1% and 30%. Spouses and children benefit from high allowances and lower rates.
Through timely estate planning, avoidance of double taxation, and the correct structuring of assets.
Yes, if you inherit or receive a gift of assets in Turkey. The obligation to declare applies regardless of your residence.
Late submission results in interest and penalties. We help you meet deadlines and avoid mistakes.
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