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Inheritance of Property for Foreigners in Turkey

Turkey is one of the most attractive countries for foreign investors, due to a number of factors, including:

  • Its strategic location: Turkey is located at the heart of the world, making it an ideal starting point for business.
  • Its stable economy: Turkey has a relatively stable economy, making it a safe investment destination.
  • Its flexible investment laws: Turkey’s investment laws are flexible, making it easy for foreign investors to buy property and businesses in the country.

One important aspect that foreign investors should consider when buying property in Turkey is the possibility of inheritance. In some countries, foreigners do not have the right to inherit property, which can be a problem in the event of the death of a foreign owner.

In Turkey, foreigners have the right to inherit property in the same way as Turkish citizens. In order for a property to be inherited by a foreigner in Turkey, the following conditions must be met:

  • The property must be registered in the name of the foreigner at the Land Registry.
  • The foreigner must be legally resident in Turkey.
  • The foreigner must be alive at the time of the death of the original owner of the property.

If these conditions are met, the foreign heirs of the property will be required to pay inheritance tax in accordance with Turkish law. The value of inheritance tax typically ranges from 1% to 10% of the value of the property.

Foreigners can inherit property in Turkey to anyone, whether they are related or not. In the absence of a will, the legal heirs of the property will be determined according to the order of inheritance in Turkish law.

Here are some tips for foreigners who are interested in inheriting property in Turkey:

  • Conduct thorough research on the property before purchasing it.
  • Make sure the property is registered in your name at the Land Registry.
  • Obtain legal advice from a qualified lawyer before purchasing the property.

In general, the laws governing the inheritance of property for foreigners in Turkey are fair and equitable. These laws give foreigners the same rights as Turkish citizens in the area of property ownership.