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Capital gains tax in Turkey 2026
Holding periods do the heavy lifting: gains on real estate held over 5 years are exempt, Istanbul-quoted shares pay a zero-rate withholding after (and mostly before) a 1-year hold, and unquoted resident-company shares are exempt after 2 years.
Inside the taxable zone, property gains ride the scale after inflation adjustment with a TRY 150,000 exemption, while bonds and capital-market instruments settle at a 10% final withholding.
At a glance
- top rate
- Scale to 40% (short-held property and unquoted shares)
- entry band
- TRY 150,000 annual exemption for property-type gains
- tax year basis
- Calendar year; instruments pooled quarterly
- filing deadline
- End of March where declaration applies
- residency basis
- Residents: worldwide gains, with inflation-adjusted cost bases
- regime flag
- Fund and trust units held 2 years: 0% withholding
Rates
Capital gains by asset and holding period (2026)
| Rate | Base | Applies to |
|---|---|---|
| 0% | — | Real estate held over 5 years; quoted resident shares held over 1 year; unquoted resident shares held over 2 years; inherited or gifted securities |
| Scale (15-40%) | Inflation-adjusted gain above TRY 150,000/year | Real estate and intangible rights sold within 5 years |
| 0% withholding | Gain | Istanbul-quoted shares (10% for securities investment partnerships); venture, real-estate and investment fund units held 2+ years |
| 10% final withholding | Sale price minus purchase price | Government and private bonds and other capital-market instruments, withheld by banks and brokers |
Thresholds & allowances
- Property-gain exemptionTRY 150,000 a year (2026)
Also covers intellectual-property disposals by non-creators
- Inflation adjustmentProducer-price indexation of cost
A major shield in Turkey's high-inflation environment
Residency
Residency trigger
Instrument gains pool quarterly at the withholding agent, with same-type losses offsetting within the year; voluntary declaration allows crediting losses across agents at a flat 10%.
Non-resident treatment
Non-residents enjoy the same 5-year property exemption and a zero withholding rate on post-2006 securities gains; taxable property gains need a special return within 15 days.
Notes
- Capital losses only offset capital gains; instrument losses carry across quarters but die at year-end.
- The 5-year property exemption covers land, buildings, property rights and ships only.
- One dwelling is also sheltered from the separate valuable-residence tax (0.3-1% annually above TRY 17.7 million of value).
- Rental income has its own regime: dwellings' first TRY 58,000 exempt, a 15% lump-sum expense option, and a 20% withholding when companies rent.
FAQ
How long must I hold Turkish property to sell tax-free?
More than 5 years — after that, gains on land and buildings are fully exempt; within 5 years the inflation-adjusted gain above TRY 150,000 rides the 15-40% scale.
How are share gains taxed in Turkey?
Istanbul-quoted shares carry a zero-rate withholding (exempt after 1 year), unquoted resident-company shares go exempt after 2 years, and bond or instrument gains pay a 10% final withholding.
Figures: tax year 2026, compiled from public sources. Not tax advice.