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TAXATION OF RENTAL INCOME

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ADMINWWP View Drop Down
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Joined: 28 Feb 2008
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    Posted: 26 Jan 2009 at 11:33pm

Many People buy properties in Turkey for the sole purpose of renting them out.

Below is a guide to the tax you may expect to pay for this

Example ;

Yearly rental income ; 7200 ytl

allowable income before tax is charged ; 2200 ytl

allowable expenses ; 1250 ytl

taxable amount ; 3750 ytl

tax at 15 % ; 562 ytl

 

Before considering this you should be aware that you will be required by law to pay tax on any income you receive from this source.


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Natalie View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Natalie Quote  Post ReplyReply Direct Link To This Post Posted: 11 Mar 2009 at 1:03pm
Hi Adminwwp,

Not sure about the other resorts however in the resort of Altinkum the tax office prints free guides to tax on rental income, the guides are in English as well. You just walk straight in and pick one up.
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