Decoding the 2024 Rental Income Tax for Property Owners in Turkey With the looming tax season, property owners in Turkey are buzzing with anticipation, especially those who earned more than 21 thousand TL in rental income last year. As the declaration period kicks off, numerous questions arise regarding the specifics of the 2024 rental income tax. In this blog post, we'll delve into the essential details...
What is an independent parcel of property or a detached parcel of property? "Independent parcels of property play a significant role in real estate and land ownership. Important details about what an independent parcel is and whether a house can be built on this land are topics that need to be known and covered in our news." Real estate terms are concepts encountered frequently in property...
Residence Permit Requirements in Turkey for Property Owners in 2024: A Comprehensive Guide Turkey, with its rich culture and beautiful landscapes, has become a desirable destination for property ownership. If you're a property owner seeking a residence permit, navigating through the regulations is crucial. In this guide, we'll delve into the intricacies of residence permit requirements in Turkey for...
Inheritance Rights in Turkey: Conducting an E-Government Inheritance Inquiry in Turkey Inheritance rights in Turkey remain a complex subject among citizens. Individuals may find themselves inheriting without prior knowledge of such matters. Here are the details on inheritance. Citizens eager to understand their inheritance rights through an inquiry may wonder how to learn about them. In Turkey, the...
Navigating New Tax Regulations for Turkish Rental Properties Welcome to the evolving world of real estate in Turkey! A recent announcement by the Revenue Administration has sparked excitement and intrigue among homeowners, reshaping the new tax regulations for Turkish rental properties in 2024. In this blog post, we'll delve into the details of this transformative change and explore its implications for...
Removal of the 25% limit on rentals in Turkey! Economist Nedim Türkmen mentioned in today's column that, in a closed-door meeting with the press, Minister of Treasury and Finance Mehmet Şimşek announced the removal of the 25% limit on rentals. Especially in major cities, housing rental prices have been rapidly rising. However, on July 1, 2022, the government implemented a 25% limit on housing rents....
New Short-Term Rental Law Effective January 1st! Turkey, approved by the Turkish Parliament, will implement a groundbreaking short-term rental law on January 1, 2024, reshaping how it manages short-term accommodations and introducing regulations to streamline the process. Approaching the new year, the short-term rental law is set to take effect, marking a significant milestone in Turkish tourism...
Understanding Rental Agreements in Turkey: Do You Need to Renew Your Lease Every Year? Disagreements between landlords and tenants have been on the rise, often revolving around the terms of lease agreements. One common question that arises is whether a new lease agreement needs to be signed every year. Let's delve into the details of understanding rental agreements in Turkey and explore the implications...
Obtaining a Tax Number in Turkey as a Foreigner If you are planning to live or invest in Turkey, obtaining a tax number in Turkey is a crucial step in the process. This ten-digit identification, known as the Vergi Numarasi, plays a vital role in numerous activities, from buying a car to paying taxes and settling in the country. In this guide, we'll walk you through the hassle-free process of obtaining...
Understanding the Real Estate Valuation Report in Turkey The real estate valuation report (Gayrimenkul Değerleme Raporu) is a crucial document in Turkey that both real estate buyers and sellers must be familiar with. This process plays a key role in determining the value of a property. Given the recent surge in the Turkish property market and the substantial influx of foreign buyers,...
