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Old 31st December 2005, 13:39   #1 (permalink)
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Property Purchase Tax.

Apart from buying it, so far for our home we have paid the following costs...
Deposit...£1000
Power of Attorney...£50.00
Lawyer and translater...£250.00
Estate Agents 3% Commission... £1,410
In our payment Schedule, it says on receiving our title deeds, that we have a Title Deeds tax to pay...£400 and Water and Electricity connection...£70.00
Apart from the running costs of the home, are there any more costs to pay?What about the Property Purchase tax we have heard about?
The Estate Agent never mentioned this.
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Old 31st December 2005, 14:01   #2 (permalink)
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Re: Property Purchase Tax.

Not only that Beachhhh there's also maintenance fee's which run throughout the year
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Old 31st December 2005, 14:06   #3 (permalink)
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Re: Property Purchase Tax.

I know Andy, I included that in "running costs of the home".
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Old 31st December 2005, 14:20   #4 (permalink)
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Re: Property Purchase Tax.

I have heard that you need a "certificate of habitation" that is either obtained by the builder after construction, or the purchaser has to get it from the council at a cost of about £400, and that you must have this marked on the TAPU to get water and electric connection. Has anybody any clue on this!!

Tony
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Old 31st December 2005, 18:59   #5 (permalink)
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Re: Property Purchase Tax.

Anybody know the answer to my first post regarding the Property purchase Tax?
By the way, hope you all have a great 2006!!
Mel and Anne.
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Old 1st January 2006, 02:16   #6 (permalink)
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Re: Property Purchase Tax.

now it is a little late so here goes,
Based on your 3% agents fees I am taking a guess that your property is something in the region of £45k so, when you sign for your deeds you will have a property tax to pay of approx 1,665Tl plus the notar fee, (depending on region) also when you pay for your water/electric connection if the agent has included this in the fees ok, if not there is a small fee of stamps, approx 26TL, as for the habitation certificate ask your agent if the vendor is paying this or has paid this levy themself on completion of the build, and therefore included in the price other wise it is down to you, approx £400. the other tax is also payable so called "maps" a one off payment that was introduced for purchases after November 2004, again this is dependant on the region, here in Fethiye I think it is approx £400 Altinkum I have read different quotes between £350-£750,

If there is more I am sure some one will be along to let you know. or if mine are incorrect.

Edited
I have just rechecked my paperwork and adding up, put the wrong figure for the purchase tax should read 1,665Tl and not 730TL approx £670 based on property of £45k 1.5% from buyer and same from vendor.

Last edited by lorraine; 3rd January 2006 at 15:06..
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Old 1st January 2006, 03:53   #7 (permalink)
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Re: Property Purchase Tax.

Thank You Lorainne and Happy New Year!
Now the rant...
As you can see from my first post, there is no mention of a "Property Purchase Tax" in our payment Schedule. I'm so annoyed and angry about this.
Our Estate agent said that the above was all we will have to pay.
I thought that was what you payed your Estate agency fees for to be told of all costs.
We would have borrowed more money if we had known! It can't be right to be left in the dark about this. Why wasn't we told?
Mel and Anne.

Last edited by beachhhhhhh; 1st January 2006 at 04:29..
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Old 1st January 2006, 08:25   #8 (permalink)
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Re: Property Purchase Tax.

Don't forget you will need house insurance too.
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Wake me up when we get there !
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Old 1st January 2006, 12:33   #9 (permalink)
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Re: Property Purchase Tax.

Yes Tony not sure if this is what they meant by running cost, but should also include "Dask" the mandatory house insurance for earthquake. All these little extras do add up, and yes, I agree it can be so annoying, maybe it would be a good idea for estate agents to put 2 prices in the information, one the money wanted by the owner and the other to include all the cost. and if they have made a mistake and the extras cost a little more this should come out of their comission, that way they may be more forthcoming, or careful in declaring how much you will have to part with. Unfortunately estate agents are not governed in such a way, maybe things will change in time. So if you see a property for £45k add at least another £3k. the only extras would then be down to the buyer for running cost, extra if you use your own lawyer.
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Old 1st January 2006, 14:22   #10 (permalink)
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Re: Property Purchase Tax.

So when (eventually) we get our deeds, they just "spring" it on you on the day of signing that you owe a further £800.00? Oh... ok, I'll dip in my pocket!!!
This is really wrong that they keep you in the dark about this.
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