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Naas26
Joined: 23/04/2007
Posts: 128
Message Posted:
16/11/2009 18:54 | | Join or Login to Reply | Message 1 of 10 in Discussion |
| Solicitors seem to look for the Vat on title deeds to be paid to them in Sterling. To me this does not make sense surely as the currencies of country tax is payable in Turkish Lira.
Are the solicitors doing this for the interest on the money if it is in their accounts or am I too cynical ?
Have people insisted to their solicitor on paying in Lira .
Regards
Naas26 |
kibrissibel
Joined: 18/02/2008
Posts: 562
Message Posted:
16/11/2009 19:05 | | Join or Login to Reply | Message 2 of 10 in Discussion |
| The sales contracts to British people are in English STG. The KDV is 5% of the contract price and is worked out by the tax office in STG not YTL. The property transfer tax payable to land registry at date of transfer is paid in YTL. |
MarkVPiazza
Joined: 14/08/2008
Posts: 530
Message Posted:
17/11/2009 10:16 | | Join or Login to Reply | Message 3 of 10 in Discussion |
| It's 5% of the value of the contract, if the contract is in £, this is converted to TL at the exchange rate at the time the contract was signed
This is then re-converted into £, and you pay in TL based on the days exchange rate
I would be interested if anyone has benefited from this method !
Mark |
ozankoys
Joined: 20/06/2008
Posts: 905
Message Posted:
17/11/2009 10:17 | | Join or Login to Reply | Message 4 of 10 in Discussion |
| Apparently if it works out to the Purchaser's benefit they change the method of calculation! |
cooper
Joined: 23/10/2007
Posts: 3386
Message Posted:
17/11/2009 10:35 | | Join or Login to Reply | Message 5 of 10 in Discussion |
| There are two different taxes being discussed here the first KDV (VAT) is payable in stg which is 5% of the contract price, the second transfer tax is converted to YTL at the rate it was at the time the contract was signed & then payed in either STG or YTL.
Ive almost confused myself now 
Cooper |
MrsSnakes
Joined: 19/12/2008
Posts: 1100
Message Posted:
17/11/2009 11:03 | | Join or Login to Reply | Message 6 of 10 in Discussion |
| Is there a website I could look at to find the exchange rate for September 2008 please? I can only seem to find details of up to a year ago. Many thanks. |
MrsSnakes
Joined: 19/12/2008
Posts: 1100
Message Posted:
17/11/2009 12:04 | | Join or Login to Reply | Message 8 of 10 in Discussion |
| Cooper, That is a fab site and easy to use, thank you. I popped it into my favorites.
Mrs Snakes |
breezyboy
Joined: 14/05/2007
Posts: 1179
Message Posted:
17/11/2009 17:38 | | Join or Login to Reply | Message 9 of 10 in Discussion |
| From my notes at Garanti rates it varied a lot that month stating at 2.11( the lowest figure I recoreded since 2005) and ending the month at 2.28 |
MrsSnakes
Joined: 19/12/2008
Posts: 1100
Message Posted:
17/11/2009 17:43 | | Join or Login to Reply | Message 10 of 10 in Discussion |
| Hi BB
I signed my contract on 24th Sept 2008. What rate did you record for that day please?
Many thanks |
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