How wealth tax works in Turkey
Turkey has no national net wealth tax. Cash, shares, funds, private company interests, crypto and foreign assets are not taxed just because a person owns them.
Real estate is different. Turkey levies annual property tax, with higher rates in metropolitan municipalities, and a high-value residence tax on homes above the annual threshold.
For 2026, the high-value residence tax threshold is TRY 17,711,000. Property tax rates are 0.1% for residences, 0.2% for other buildings, 0.3% for land and 0.6% for plots in metropolitan areas, before doubling rules where applicable.
Tax rates at a glance
- Net wealth tax
- 0%
- Net worth tax
- 0%
- Property tax
- 0.1%-0.6%
- High-value residence tax
- 0.3%-1.0%
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
InvestorsHomeownersFamily officesCrypto holdersRemote founders
Watch out for
- No wealth tax does not mean no property tax. Real estate ownership brings ongoing annual taxes and, for valuable homes, a separate high-value residence tax.
- Big-city property rates are higher, so Istanbul, Ankara and Izmir planning often looks different from smaller municipalities.
- Banks and brokers can still ask for source-of-funds records even though Turkey has no annual net wealth levy.
Frequently asked questions
Does Turkey have a wealth tax?
No. Turkey does not levy a national net wealth tax or annual tax just for holding cash, securities or other personal assets.
Is property taxed in Turkey?
Yes. Turkey charges annual property tax, and expensive homes can also fall into the high-value residence tax.
Are foreign assets taxed in Turkey?
Foreign assets are not subject to a Turkish wealth tax, but residents may still owe tax on income generated by those assets.