First Tax Package Discussions Started at the Parliamentary Plan and Budget Commission: Second Tax Package Highlights Real Estate Taxation

Discussions on the first tax package have started in the Parliamentary Plan and Budget Commission. After the first package, eyes turned to the second tax package, which will include regulations especially concerning the real estate sector.

Within the scope of the second tax package, it has been finalized that new tax regulations on the purchase and sale of housing will be introduced. Accordingly, those who sell within three years of buying a house will be taxed twice as much and those who sell within five years will be taxed once as much. The aim of this regulation is stated as ensuring stability in the real estate market by reducing short-term buying and selling transactions and speculative movements.

Economists and sector representatives are carefully monitoring the effects of these new regulations on the housing market. While some experts argue that the regulations may lead to sudden fluctuations in housing prices and a decrease in buying and selling transactions, others argue that the market will have a healthier structure in the long term.

Government officials emphasize that these regulations will not make it harder for citizens to become homeowners and will encourage investors to make long-term plans. In addition, these steps are expected to increase tax revenues by reducing informal transactions in the real estate sector.

As the discussions in the Parliamentary Planning and Budget Committee continue, it is important that the public and the relevant sectors are closely informed about the implementation of these regulations and that their possible impacts are carefully evaluated.