Article 44

Added: 5/12/2019, Law No. 7194, Art. 32 Amended: 14/2/2020, Law No. 7221, Art. 18

The tax base is the portion of the building tax value exceeding the amount set out in Article 42.

Immovables of a residential nature subject to the valuable housing tax whose value is:

between TL 5,000,000 (17,711,000) and TL 7,500,000 (26,567,000) (this amount included)

for the portion exceeding TL 5,000,000 (17,711,000) (3 per thousand)

up to TL 10,000,000 (35,425,000) (this amount included), for TL 7,500,000 (26,567,000) thereof

TL 7,500 (26,568), for the excess (6 per thousand)

more than TL 10,000,000 (35,425,000), for TL 10,000,000 (35,425,000) thereof TL 22,500 (79,716),

for the excess (10 per thousand)

shall be taxed at these rates.

In ownership in shares and in joint ownership, the total value of the residential immovable shall be taken as the basis in calculating the tax base.

The amount set out in Article 42 and the lower and upper limits of the values of residential immovables on which the tax rates set out in the second paragraph are based shall be increased each year by one half of the revaluation rate determined for the previous year pursuant to the provisions of Tax Procedure Law No. 213. Fractions of up to 1,000 Turkish lira of the amounts so calculated shall be disregarded.

The President of the Republic is authorised to increase the rate of increase equal to one half of the revaluation rate, specified in the fourth paragraph, up to the revaluation rate.

Tax liability: