Turkey updates laws with new e-valuation rules, stamp duty relief and condominium reforms

Turkey has enacted Law No. 7579, amending the Land Registry Law, Stamp Tax Law and Condominium Law, introducing mandatory electronic transmission of valuation reports, stamp duty exemptions for TOKİ social housing projects, and new rules on condominium operating plans. The law also includes COP31-related tax exemptions.

Turkey has enacted Law No. 7579, adopted on 7 May 2026 and published in the Official Gazette (Issue 33261), introducing amendments to the Land Registry Law No. 2644, Stamp Tax Law No. 488 and Condominium Law No. 634.

A key procedural change requires real estate valuation reports prepared by institutions authorised by the Capital Markets Board of Turkey Capital Markets Board of Turkey (SPK) or the Banking Regulation and Supervision Agency Banking Regulation and Supervision Agency (BDDK) to be transmitted electronically and free of charge to the General Directorate of Land Registry and Cadastre General Directorate of Land Registry and Cadastre (TKGM) on the date of issuance. The reports are submitted by the institutions, banks or financial entities that commission them, with procedures to be set by the administration.

The Stamp Tax Law is amended through a temporary provision granting exemption from stamp tax for tender decisions and contracts signed by the Housing Development Administration of Turkey Housing Development Administration of Turkey (TOKİ) for social housing and construction works. The exemption applies to tenders announced up to 31 December 2027, with the President authorised to extend the period by up to three years.

The Condominium Law No. 634 is also revised, introducing changes to advance payment rules, operating plan approval procedures, and condominium assembly timelines. In particular, operating plans must be approved by condominium owners’ general assemblies, and temporary plans may apply where no approval is in place within prescribed deadlines.

Alongside these structural amendments, the broader law package also includes tax relief measures linked to COP31, including exemptions from corporate income tax, customs duties and stamp duty for activities related to the conference, as well as withholding tax relief for non-resident service providers and customs exemptions for imported goods used in the event.

Law No. 7579 entered into force upon publication and forms part of Turkey’s wider regulatory updates covering property administration, housing policy and event-specific tax relief measures.