The tax treatment doesn’t change when you become a Turkish citizen, because income tax is only applicable if you sell the property within the first five years as per the current legislation. If you do sell the property during that period, you may be exposed to income tax. As stated earlier, you should not sell the property for three years following the purchase, if you wish to remain a citizen. Each of the seller and the buyer pay 2 per cent of the purchase price as a land registry fee.
Additionally, subsequent to the acquisition, real estate tax is paid by the owner annually depending on the real estate tax basis amount of the property.
If it is intended to establish a property company and then to sell shares in a special purpose vehicle (SPV), double taxation treaties need to be analysed between the investor’s jurisdiction and Turkey