Answer
If the seller is a company or sells as part of a commercial activity, the delivery of a commercial unit is subject to VAT at the general rate of 20%; the reduced rate applies only to residences. A private individual with no commercial activity selling a unit they used is not subject to VAT.
The VAT exemption for companies selling real estate held on their balance sheet for at least two years was abolished by Law No. 7456 for properties acquired after 15 July 2023; for properties held before that date the exemption continues if the conditions are met.
The title deed fee is 2% each for the buyer and the seller, calculated on the declared price, which may not be lower than the property tax value; a revolving fund fee is also paid. You should clarify your own situation with your accountant before the transaction.
Updated: · İnterkon Realty Group