How capital gains tax works in Turkey
Turkey does not have one single personal capital gains tax regime. Different rules apply depending on the asset and how it was acquired or sold.
Real estate and certain other rights sold within five years of acquisition can create value increase gains tax. The 2026 annual exemption for these gains is TRY 150,000.
Many listed securities and some capital market instruments are taxed through withholding under Temporary Article 67. For some listed shares bought after 1 January 2006, the WHT rate is 0%, but other instruments can be taxed at rates up to 20%.
Cryptoassets do not yet have a fully enacted capital gains framework. A draft April 2026 omnibus bill proposed a 0.03% transaction tax and a 10% withholding tax on gains, but that was still only a proposal.
Tax rates at a glance
- Capital gains tax
- 0%
- Crypto capital gains tax
- Not yet formalised
- Shares and securities gains
- 0%-20% WHT
- Real estate gains
- Taxed if sold within 5 years
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
InvestorsProperty ownersTradersShareholdersCrypto holders
Watch out for
- Property gains are not automatically exempt in Turkey. The five-year rule and inflation indexation can change the taxable amount a lot.
- Foreign tax residence still matters. A gain that is lightly taxed in Turkey may be taxed again in your home country.
- The crypto framework proposed in 2026 was not yet law, so do not rely on the draft rates as current law.
Frequently asked questions
Does Turkey have capital gains tax?
Turkey does not have one single capital gains tax, but property gains and some investment gains can still be taxed under special rules.
Are share gains taxed in Turkey?
Some listed-share gains are taxed through withholding, while gains outside the withholding regime may be taxed under the normal income rules.
Are crypto gains taxed in Turkey?
There is not yet a fully enacted crypto capital gains regime. A draft 2026 bill proposed crypto taxes, but it was not yet in force.