Responsibilities regarding to your property in Turkey

 

• Apartment fee responsibility: According to Turkish Property law; property owner is mutual responsibility with tenant regarding to apartment fee. There fore you should check the apartment fee each month in case of any late penalty.

 

• Income Tax over rent income : Regarding to Tax Liability of Nonresident Aliens in Turkey
  Obtaining Rental Income.

The nonresident individuals are subject to limited liability only from their income obtained in Turkey.

In this context, a foreigner who spends less than a continuous period of six months in Turkey during a calendar year and whose customary home is not in Turkey is regarded as non-resident taxable person with limited liability.

Income obtained in Turkey means that related immovable property is in Turkey and these property and rights are in use and evaluated in Turkey.

To sum up , related to rent income foreigners are has to give income statement

 

Time and Place of Rental Income Declaration

 

The declaration related to the rental income obtained in a calendar year is submitted to the authorized Tax Office of immovable property location until the 15th March of following year.

 

Payment Time and Place

The income tax is paid in two installments. The first installment in the month of March, and the second one in July will be paid.

The calculated tax can be paid to tax offices or authorized banks’ branches.

 

• Property Tax ( Municipality )

Buildings in Turkey are the subject of the property tax.

Taxpayer is owner of the building, if exist, owner of the usufruct, or if no one of these exists, person who acts as owner of the building.

Tax assessment is made by the related municipality.

The tax is assessed and accrued upon the annual declaration.

The real estate tax is paid in two installments. The first installment in the months of March, April and May and the second one in December will be paid.

 

 

 

Our Services

 

• Following apartment fees and inform property owner in case of any legal threat
• Calculating and preparing the income tax statement and informing the property owner and help how to pay the tax
• Informing the amount of the property tax and help how to pay the tax