Selling Property in Turkey: Navigating Capital Gains Taxes Many of our clients have inquired about taxes associated with selling property in Turkey. To address these concerns, we've prepared a comprehensive guide to help you understand your tax obligations. Capital Gains Tax Exemption: Holding on for Over 5 Years The good news: If you've owned the property for more than 5 years, you are exempt from...
Mastering Turkish Courtesy: Essential Polite Phrases The culture of any language goes beyond vocabulary. To truly connect, understanding polite expressions is key. Here are a few essential Turkish phrases to navigate social situations with courtesy and grace. 1. Sıhhatler Olsun: Wishing Good Health This phrase translates to "may you have good health." It's used in unique situations: After a...
The education system in Turkey is structured around a 12-year curriculum divided into three stages of four years each. Kindergartens, known as "KREŞ" in Turkey, typically start around the age of three, although private kindergartens cater to infants as young as one year old. Following kindergarten, children enter the preschool education stage, known as "ANAOKUL," which is...
The real estate market in Turkey showed positive trends in August 2023. Sales of Turkish properties increased by 11.5% compared to July 2023, reaching a total of 122,091 units. However, there was a slight decrease of 1.1% in comparison to August of the previous year. There is a particular interest in properties located in major cities in Turkey. The number of properties purchased in each of...
Most construction companies are accommodating towards foreign buyers and offer installment plans until the completion of construction. The conditions for foreigners are the same as for local residents: individual payment schedules, no connection to construction stages, and installment plans with 0% interest during the construction period. To sign a contract with a Turkish...
In Turkey, both tourists and local residents are required to abide by the rules of the road, as violations can result in fines issued by the police. Fines for traffic violations in Turkey can be quite high and depend on the severity of the violation. One of the most common traffic violations is speeding in residential areas. Drivers who exceed the speed limit between 55 and 65 km/h can receive...
There are several features of road traffic regulations in Turkey that every driver should know. Compliance with these rules will help to avoid accidents on the road and prevent unpleasant fines. The first and main requirement that every driver must fulfill is to have the necessary documents with them. These include a valid driver's license, identification card (passport), vehicle insurance...
Owning a Car in Turkey as a Foreigner A Growing Market with High Costs The car market in Turkey is actively developing, offering a wide range of new models from various brands through dealerships and showrooms. However, it's important to be aware that due to high taxes, car prices in Turkey are significantly higher compared to other countries. Foreigner Requirements for Car Ownership To purchase a...
Hitting the Road in Turkey: Bringing Your Own Car In recent years, self-guided car travel has surged in popularity. The freedom and convenience it offers are a major draw for many travelers. This has led to a surge in questions: can you bring your own car into Turkey? Temporary Imports: The Six-Month Limit According to Turkish Customs Legislation No. 4458, foreign-registered vehicles can be...
In the country, 17 feature films, 21 TV series, 96 documentaries, 2 TV movies and programs, 31 commercials, and 11 music videos have been shot. Antalya deserves special mention, where Director Guy Ritchie recently finished shooting the film "Ministry of Gentleman's War" about World War II. Among the major film projects shot in Turkey are "Argo", "James Bond", "Skyfall", "Charlie's Angels"...