Inheritance at 1%, for twenty years

Why the gift exclusion matters

A family that plans transfers while everyone is alive, which is the normal advice in most countries, gets no benefit here. The reduced rate attaches to inheritance. That reverses the usual planning instinct, and it is worth knowing before an adviser in your home country suggests the opposite.

Against the normal scale

Turkey's ordinary inheritance rates are progressive and run well above 1%. For an estate of any size the difference is not marginal.

What it does not settle

Your home country has its own rules, and many of them follow the deceased's nationality or domicile rather than where they lived. A Turkish rate of 1% is not a worldwide rate of 1%. Some countries also charge an exit tax when a resident leaves, which is a separate question again and one to resolve before the move rather than after.

The practical reading

If the estate is the reason you are looking at Turkey, this provision deserves its own conversation with an adviser in your current country. It is the piece most likely to be worth more than the income tax exemption, and the piece most likely to be undone by a rule at home.