Taxes
Turkey — Tax: Capital Gains
Turkey applies 0% withholding to listed equities bought after 2006 and 10% to other portfolio gains, with a 15% dividend withholding and 50% of Turkish dividends exempt.
VerifiedProfessional tax guide — not a government sourcePwC Worldwide Tax Summaries — Turkey, Individual, Income determinationLast reviewed: 2026-10-23
Why this matters
Relocating individuals should care about capital gains tax in Turkey as it can significantly impact their financial situation and tax obligations.
Key facts
- Listed equities bought after 1 January 2006 carry 0% withholding for all investors, and other portfolio capital gains carry 10% withholding, final for non-residents.
- Dividends from Turkish entities are 50% exempt with 15% withholding on the gross amount, and must be declared if the taxable remainder plus other income exceeds TRY 400,000 in 2026.
- Foreign dividends and interest above TRY 22,000 in 2026 must be declared.
- Rental income from residential property below TRY 58,000 in 2026 is exempt; real estate gains were not covered on this page.
Steps
- Determining Residency Status — To determine the applicable tax rate and deductions, individuals must first establish their residency status in Turkey. This can be done by registering with the local authorities or by meeting certain residency requirements, such as living in Turkey for at least 183 days in a calendar year.
- Calculating Capital Gains — Individuals must calculate their capital gains by subtracting the purchase price or original value of the asset from the selling price. The resulting amount is subject to capital gains tax.
- Applying Deductions and Exemptions — Individuals may be eligible for certain deductions and exemptions, such as the exemption for primary residences or the deduction for business expenses. These must be carefully applied to minimize tax liability.