Five Laws for Real Estate Tax Relief

Law No. 3 of 2026 amended the Built Property Tax Law to waive tax debts and late payment penalties entirely or partially in specific cases, such as death without an apparent estate, the absence of actionable assets, complete bankruptcy, or leaving the country for ten years without accessible assets. Additionally, those who have paid all due taxes before the law’s implementation or do so within six months of its date are exempt from late payment penalties. Furthermore, properties that are undeclared or whose value was not estimated prior to the law's enactment are exempt from tax, provided a declaration is submitted within one year of the law’s application.

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