Legal Question in Wills and Trusts in Turkey
2 piecec of land i inherited from my mother/international
i inherited 2- pieces of land in istanbul turkey, i live in california, do i have to pay inheritance tax in california, when i sell them,
3 Answers from Attorneys
Re: 2 piecec of land i inherited from my mother/international
Basicly I can tell no,but of course everycase is different from each other so if you can contact me and inform about the details you can get an more clear answer. Osman Kuray
www.kuray.av.tr
Re: 2 piecec of land i inherited from my mother/international
Good question. You should consult with a cpa, but you will always pay tax if you derive income from any source if it is over the inheritance tax. The quesition is where is the money going to go when you inherit, will it stay in the US or other country.
Re: 2 piecec of land i inherited from my mother/international
Dear Sirs,
Thank you for your question.
According to Turkish Inheritance Tax Law, as general rule, for the property situated in Turkey the inhertance tax is to be paid in Turkey. However, if you have exceptional circumstances the different provisions may be applicable. So, if you are interested in the detailed information, please do not hesitate to contact us.
Best Regards,
Prof. Dr. Gursel Ongoren
Ongoren Law Office