OPEN TO SPECULATION
Tax expert and Başkent University Lecturer Dr. Ozan Bingöl stated that, if the regulation is well implemented, the share of interest groups used to be transferred to the public is a good method to create resources and said, “However, it seems incomplete and open to speculation.” Pointing out that those who have a man in the municipality will use the option of not demanding any increase in value if the application is made by the ministry, Bingöl said, “There is no provision regarding the“ increase in value share ”to be obtained over the value increases resulting from the change of the zoning plan without being claimed by the immovable owners. In addition, the share does not include the structure to be built on the land, nor does it include any increase in rent arising from various services or infrastructure brought by public institutions. The rent that will occur due to the increase in the value of the buildings to be built on the land will still remain to the land owners or the contractor. The landlord or contractor will be able to become profitable even by paying this share of value, since the development plan will increase precedent with the change. ”
Bingöl said that, due to the change in the zoning plan, the law cannot be more than a partial rent tax for the increase in the value of the land.
Among the largest public revenues in many countries
There are many examples of rent tax in the world. For example, in countries such as Austria, Switzerland, Denmark and Estonia, this rent is taxed under different names such as “Urban Rent Tax”, “Improvement Rent Tax” and “Speculation Tax”. Even in some countries, income from rent tax has an important share among public revenues. The main purpose in countries where rent tax is applied; both to save income on the budget and to prevent speculative activities and unfair earnings.