Amounts that will be deemed as exempt from inheritance and transfer tax in 2019 and the tax tariff announced.

The amounts to be considered as exempt from inheritance and transfer tax in 2019 and tax tariff income brackets calculated by the Treasury and Finance Ministry on the basis of the revaluation rate (23,73%) set for 2018 have been announced.

Accordingly, TL 250.125 in the shares of the descendants and his spouse including the adoptions, TL 500.557 in the circumstance of lack of descendants for shares of inheritance of the spouse, 5.760 TL in gratuitous legal transactions and the prizes won in the contests and lotteries arranged on money and property will be considered as exempted from inheritance and transfer tax.    

These amounts have been declared through the Inheritance and Transfer Tax Law General Communique series no.50 published in the third repetitive Official Gazette dated 31 December 2018.