Inheritance law in Turkey and its conditions for foreigners

Inheritance
law in Turkey and its conditions for foreigners:

What are
the methods of inheritance and inheritance laws in Turkey?

Will
foreigners, like Turkish citizens, have inheritance laws?

Is there
any inheritance tax in Turkey? On what basis is this tax determined?

The issue
of inheritance is a significant concern for foreign investors. In the field of
heritage and its laws in Turkey, many questions have been raised for foreign
investors who have invested in real estate in Turkey.

This
article attempts to examine the information and laws related to this topic to
include a comprehensive guide to questions about inheritance laws and
inheritance tax in Turkey so that investors aware of these laws can safeguard
non-property assets. Guarantee their movable property.

In Turkey,
the government clearly describes all aspects of inheritance law, inheritance
tax, and property transfer in terms of legal aspects, different situations, and
sometimes exceptional circumstances.

Inheritance
laws apply to foreigners in Turkey, just like Turkish citizens. When
distributing inheritance for immovable property in the Turkish state, the name
of the heir is formally requested from the foreign individual.

To solve
many problems, it is better for the property owner in Turkey to make a will
(for his property in Turkey) by the notary in his country and simultaneously in
Turkey. Making a will in Turkey only takes one business day, but it will solve
many potential problems in the future.

The
following documents are required to make a legal will:

Passport
and copy of passport translation

Property
document or copy

Copy of
inheritance passports

Picture

In the
process of setting up a foreign national document requires an official
translator and two witnesses to attend the official documents.

Before
attending the Notary Office, they had to go to one of the hospitals and obtain
a mental health certificate.

The point
to note is that this certificate is valid for one day only, and the applicant
must go to the notary before expiration and set up a will.

The
principle governing inheritance law in Turkey

First of
all, you should know that the policy governing Turkish inheritance laws is
“property”:

That is,
what regulates the mechanism of legal dealing with the ownership of the place
of residence, Turkish rule applies when real estate and immovable property are
located in the territory of the Republic of Turkey.

In the
absence of a formal legal will, the legal heirs of immovable property in Turkey
shall be as follows:

The first
heirs of the deceased are children and spouses who receive a special share.

If the
deceased has no children, his family will be his heirs (parents).

In the
absence of children and parents, spouse shares the inheritance with
grandparents

If the
deceased has no kin, all the property goes to the husband or wife.

In the
absence of an heir, all deceased property will be returned to the Turkish
government.

In the
event of debt, deceased loans and loans to banks will be repaid initially, and
the installments will be deducted from the individual’s assets.

It is
worth noting that under the law on equality between men and women in Turkey,
half of the property will be for the spouse and the other half for the children
and equally.

 Is
there a tax on inheritance and foreigners’ property transfer in Turkey?

Taxation
of foreigners in Turkey:

The
Turkish tax system applies to everyone, whether Turkish or foreign, and there
is no difference between Turkish citizens and foreigners.

What is
the inheritance tax in Turkey?

Compared to
other EU countries, the value of the inheritance tax in Turkey is relatively
low. It depends on the value of the investor’s assets, which means that
whenever the property price drops, the tax rate is also deducted.

The
inheritance tax rate varies in Turkey and varies from 1% to 30% depending on
the residence status of the heir and the property of the deceased.

How long
is the inheritance tax deadline in Turkey?

According
to Turkish law, hereditary taxes must be paid for a maximum of 3 years and paid
each month in May and November.