The transfer of the goods on the person's behalf to another person by way of a grant or without any charge shall be deemed to be between cases of inheritance and transfer. In what circumstances does it happen? Here's the answer…
The transfer of the goods on the person's behalf to another person by way of a grant or without any charge shall be deemed to be between cases of inheritance and transfer. The aim here is to realize the transfer of ownership in an official way. The process of transferring property that takes place in this way is called as unauthorized transfer in the law.
What Does Transfer Tax Require?
A transfer tax is a tax on a transfer of goods or property during the transfer of ownership. The common feature of the transfer tax is that the transfer of ownership is officially connected and that the form is taken when the condition is fulfilled.
Taxes on the Turkish tax system are entered into the same class as the taxes on the property. If the taxpayes taken from the uninvited ones will be an example, it is the Inheritance Tax and the Sports Toto Tax. Whether or not it is impracticable, the Property Buying Tax is taken from the property of the immovable property, while the Vehicle Buying Tax is collected from the ownership of the vehicles. It is the person who inherits property or vehicle by inheritance which is obliged to pay taxes here.