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VAT on real estate in Turkey
The rate of this tax is set at 18% for commercial properties, while the value-added tax rate for residential properties varies according to their area, regardless of their location.
As for residential properties, if the area of ​​the residential property does not exceed 150 square meters, the added tax rate is 8%, while the tax rate changes for residential properties that exceed this size, as their value increases by 20% for each additional meter.

Exemption from value-added tax on real estate in Turkey
For foreign investors seeking to benefit from the value added exemption on real estate, they must fulfill the following conditions:
1. Proof that the foreign investor has not previously resided in Turkey.
2. The foreign company does not have a headquarters in Turkey.
3. The investor must not have spent more than 6 months in Turkey during the year preceding the purchase of the property.
4. It is prohibited to sell the property benefiting from the value added exemption again within a period of one year.

The United Arab Emirates and Turkey inked on Wednesday several deals estimated to be worth $50.7 billion during a visit by President Tayyip Erdogan to Abu Dhabi as he toured wealthy Gulf Arab nations for investment and funds.

Erdogan and UAE President Mohamed Bin Zayed attended the signing ceremony of the agreements that included , energy and natural resources development, space and defence cooperation, state news agency WAM reported.



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