Taxation of crypto coins and Non-Fungible Tokens (NFT) in Turkey: An evaluation specific to Inheritance and Gift Tax in the light of different country practices

With the development of technology in every field, changes and increases have occurred in the quality and number of goods and services offered on digital platforms. As a matter of fact, this has led to the establishment of many new digital platforms and the creation of new business areas. Cloud computing, blockchain, cryptography and the emergence of cryptocurrencies and Non-Fungible Tokens (NFT) technologies as a result of them have been one of the newest developments that technological development has added to the lives of individuals. With the developing technology, great changes have occurred in the investment and wealth accumulation tools of individuals. In this case, states have taken action to tax the profits of digital platforms and users that emerged as a result of technological developments and to make various regulations. The change in the investment and wealth accumulation tools of individuals has made it necessary and indispensable to make new regulations in inheritance and gift tax. Many countries and Turkey have started to make new regulations in order to minimize the risks that may arise against individuals due to the lack of a certain legal and legal framework of cryptocurrencies and NFTs that have just entered the life of human beings, to put cryptocurrencies and NFTs on a legal basis and to tax them. In addition, the emergence of cryptocurrencies and NFTs has brought about the necessity of updating and changing various tax issues such as taxation, tax rates and the way they are applied. In this thesis, inheritance and gift tax has been examined in the first chapter. In the second part, emerging crypto money and NFT issues are discussed in summary and in their most basic form. Finally, in the third part, the taxation of cryptocurrencies and NFTs and their evaluation in terms of inheritance and gift tax are discussed. Keywords: Inheritance and Gift Tax, Non-Fungible Tokens (NFT), Cryptocurrency, Taxation