Is capital gain calculated in the sale of shares of limited liability companies?
Taxation of Limited Company Share Sales in Turkey
Income obtained from the sale of shares of limited companies in Turkey is subject to income tax in terms of capital gain.
If a profit has occurred between the adjusted purchase price and the sales price after indexing the purchase amount of the share by the real person who sold the shares, capital gain should be calculated.
Period of Holding the Share
The period of holding the shares of limited companies by real persons is not important. No matter how long the limited company share is held, the calculation is made in terms of capital gain for the profit obtained from its sale.
VAT and Stamp Duty
The transfer of Limited Shares is not subject to Value Added Tax (VAT).
If a special contract is also drawn up for the transfer of shares, this contract is subject to stamp duty and a stamp duty of 9.48 per thousand is paid.
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