Transferring a property title in Turkey can be a complicated process, especially for those who are not familiar with the legal system. Whether you’re looking to transfer a property title to a family member or sell a property, it’s important to understand the steps involved in the transfer process. In this guide, we’ll provide an overview of property title transfer in Turkey, including the legal requirements, forms, and fees.
Related: Title Deed Ownership When Purchasing Turkey Off-Plan Real Estate
Legal Requirements On How To Transfer Ownership Of The Property In Turkey
The process of transferring a property title in Turkey is governed by the Land Registry Law. According to this law, any transfer of ownership must be registered with the Land Registry Office. The process typically involves the following steps:
- Agreement between the buyer and seller: The buyer and seller must agree on the terms of the transfer, including the purchase price and payment terms.
- Payment of taxes and fees: The buyer must pay the applicable taxes and fees associated with the transfer. These fees include the title deed transfer fee, value-added tax (VAT), and stamp duty.
- Obtaining a title deed: Once the transfer has been completed, the buyer must obtain a title deed from the Land Registry Office.
Forms and Fees for Property Title Transfer in Turkey
To transfer a property title in Turkey, you will need to complete several forms and pay certain fees. Some of the most common forms and fees include:
- Property Title Transfer Form: This form, also known as the “Tapu Transfer Form,” is used to transfer ownership of the property. Both the buyer and seller must sign the form.
- Title Deed Transfer Fee: This fee is charged by the Land Registry Office and is based on the value of the property being transferred.
- Value-Added Tax (VAT): The buyer must pay VAT on the purchase price of the property.
- Stamp Duty: This fee is charged on the property transfer agreement and is typically a percentage of the purchase price.
How to Transfer Property Title to a Family Member in Turkey
Transferring a property title to a family member in Turkey can be a straightforward process. To transfer the property title, you will need to complete the Tapu Transfer Form and pay the applicable fees. If you are transferring the property to a spouse, child, or parent, you may be eligible for a reduced transfer tax rate. It’s important to consult with a property title transfer attorney to ensure that the transfer is completed legally and correctly.
How to Transfer Property Title Without Paying Taxes in Turkey
We advise you to book a consultation with Bayraktar Attorneys for this purpose. The Land Registry Law requires that all property transfers be registered and that the applicable taxes and fees be paid. However, certain exemptions to your transaction may apply. Attempting to transfer a property title without paying taxes can result in legal penalties and fines.
Property Title Transfer Attorney in Turkey
Working with a property title transfer attorney in Turkey can help ensure that the transfer process is completed correctly and legally. A property title transfer attorney can provide guidance on the legal requirements and fees associated with property title transfer, as well as assist with completing the necessary forms and paperwork.
Transfer of Property and Title in Turkey
Transferring a property title in Turkey can be a complex process, but by understanding the legal requirements and fees, and working with a property title transfer attorney, the process can be completed smoothly and legally. Whether you’re transferring a property to a family member or selling a property, it’s important to take the necessary steps to ensure a successful transfer.
