30 Ağustos 2024

30 Ağustos Zafer Bayramı
Kutlu Olsun!

Türk milletinin bağımsızlık mücadelesinin simgesi olan 30 Ağustos'u kutlamanın gururunu yaşıyoruz. Bu anlamlı günde, birlik ve beraberlik içinde, geleceğe daha umutlu bakarak yolumuza devam edeceğiz. Zafer Bayramı’mız kutlu olsun!
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HABERLER & YAYINLAR

Inheritance Rights of Non-Turkish Citizens on Properties Located in Turkey

In cases where the legator and the inheritors are non-Turkish citizens, it is first necessary to determine which country's law shall be applicable for the transition of the inheritable properties located in Turkey (“Heritage”) to the inheritors. Within this framework, pursuant to Article 20 of the International Private and Civil Procedure Law numbered 5718, Turkish law shall apply for the transition of immovable properties and for the transition of movable properties, the national law of the deceased/legator shall apply.

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HABERLER & YAYINLAR

A New Era for Real Estate Investment Funds

The Communiqué Amending the Communiqué on Real Estate Investment Funds (III-52.3) (“Communiqué”), published in the Official Gazette on 17 July 2024, Issue No. 32604, aims to boost contributions to real estate investments, a sector with significant transaction volume in the Turkish economy. Under the Communiqué, application procedures for Real Estate Investment Funds (“REIFs”) have been streamlined, enabling the issuance of participation shares linked to an umbrella fund. Additionally, “project” REIFs are now permitted to invest in projects where more than half of the total gross area of independent units is designated for residential use, as verified by independent real estate appraisal firms. 

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