29.05.2021
Pursuant to Article (17/4-r) of the Law No. 3065, transfers and deliveries carried out through the sale of participation stocks and immovables that are in the assets of the organization for at least two full years are exempt from VAT.
In order to apply an exemption in the sale of immovables (plot, land, building) and participation stocks to be sold, must have been registered for at least 2 full years (730 days) in the assets of the organizations.
The exemption provision is not applicable for the delivery of the immovables that are kept in the assets of the organizations that trade in the assets within the scope of the exemption (usually trading or leasing the immovable).
Source: Revenue Administration of Turkey – Translated by: Karen Audit
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