Taxation

Tax and Duty Calculator

Work out the taxes and duties payable on a purchase, a gift transfer or rental income, line by line. Every rate comes from the schedules published in our taxation guide.

Property price

Currency

Buyer status

Seller

VAT appliesVAT is usually charged when you buy a new property from a VAT-registered developer, and generally not on a private resale between individuals. The calculator applies 5%, the rate for property and for homes with a covered area of up to 300 m². Homes with a covered area of 300 m² or more pay 10% VAT, so for such a home the VAT line here is too low. BESTATE PROPERTY checks the seller and property status when preparing the transaction file; confirm the position for your purchase with a mali müşavir.

Line by line

Title deed transfer duty9% · Buyer£18,000
VAT5% · Buyer£10,000
Contract stamp duty0.5% · Buyer£1,000
Withholding tax (stopaj)2.8% · Seller£5,600

Buyer pays: £29,000
Seller pays: £5,600
Total cost to buyer: £229,000

Source for this rate: Rates for foreign buyers · Taxes for TRNC citizens

This calculation gives general orientation using the published rates, worked out on the amount you enter. The Land Registry charges the transfer fee and the seller’s tax on whichever is higher, the contract price or the value it assesses (rayiç değer), and gift fees on the declared assessed value. Stamp duty is 0.5% on the first 89,000,000 TL of the contract amount and 0.1% on any part above it; the calculator applies that band to TL amounts, and 0.5% throughout to foreign-currency amounts, which it has no rate to convert. BESTATE PROPERTY can prepare the cost schedule and transaction documents; because duty schedules and exemptions change, confirm the final amount with the relevant authority and with a mali müşavir or independent lawyer.

Back to the Taxation Guide