03.01.2023/7
Inheritance and Transfer Tax Exemption Amounts and Tax Brackets Have Been Redefined
The exemption amounts and tax brackets for inheritance and transfer tax have been redefined with the 54th Serial No. Inheritance and Transfer Tax Law General Communiqué published in the Official Gazette dated 30.12.2022 and numbered 32059 (2nd Repetition).
Exemption Amounts Effective from 01.01.2023
As of 01.01.2023, the exemption amounts specified in subparagraphs (b), (d), and (e) of the first paragraph of Article 4 of Law No. 7338 will be applied as follows:
– For inheritance shares attributable to each heir, including adopted children, and the spouse, 1,015,747 TL (in cases where there are no descendants, 2,032,742 TL for the spouse’s share),
– For gratuitous transfers, 23,387 TL,
– For prizes won in competitions and raffles organized on money or property, and in games of chance defined under Law No. 5602 dated 14/3/2007, 23,387 TL.
Tax Brackets Effective from 01.01.2023
As of 01.01.2023, inheritance and transfer tax for inheritances and gratuitous transfers will be calculated according to the following schedule:
| Tax Base | Tax Rate (%) | |
|---|---|---|
| For Inheritances | For Gratuitous Transfers | |
| For the first 1,100,000 TL | 1 | 10 |
| For the next 2,600,000 TL | 3 | 15 |
| For the next 5,500,000 TL | 5 | 20 |
| For the next 10,900,000 TL | 7 | 25 |
| For the portion exceeding 20,100,000 TL | 10 | 30 |
You can access the relevant communiqué here.
Kind regards,
BILGENER
