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Old 21st February 2007, 00:20   #1 (permalink)
kal
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Tax payable on villa rentals

Hi
Does anyone know any info about the tax payable if you rent a villa out?
I understand its 25% of your income. You are not allowed to take into account your expenses? Is this correct? Any info would be appreciated, thanks.
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Old 21st February 2007, 01:18   #2 (permalink)
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Re: Tax payable on villa rentals

All tax info here: http://www.kalkanproperty.com/taxes.htm
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Old 21st February 2007, 11:04   #3 (permalink)
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Re: Tax payable on villa rentals

Thanks Icaru, but I have already seen that, but wanted more info, -greedy me! Do you know alot about this subject? If so can I ask you questions direct? thanks.
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Old 21st February 2007, 11:45   #4 (permalink)
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Re: Tax payable on villa rentals

Where are you domicilled, as it *does* make a difference.

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Old 21st February 2007, 13:52   #5 (permalink)
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Re: Tax payable on villa rentals

I live in the UK all of the time
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Old 21st February 2007, 14:18   #6 (permalink)
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Re: Tax payable on villa rentals

Hi Kal,
there is a good article in Zaman today re just this subject, I'm not very good at adding links but you should find it pretty easily, all in English too !

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Old 21st February 2007, 14:27   #7 (permalink)
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Re: Tax payable on villa rentals

Here's a link to Zaman home page:

http://www.todayszaman.com/tz-web/
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Old 22nd February 2007, 10:39   #8 (permalink)
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Re: Tax payable on villa rentals

It says in Zaman article that you can claim back expenses and its doesnt mention the 25% limit. I wonder if he is talking about the new tax year and the 25% limit is just for previous years?
Thanks LindaA and Guz 1for directing me to the article.
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Old 24th February 2007, 16:55   #9 (permalink)
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Re: Tax payable on villa rentals

Sorry, I don't know more than what you read except that the taxes are due in Turkey, not in the UK because the income is earned in Turkey. Then after paying the taxes in Turkey, you can claim a deduction on your UK taxes. Know this from a Brit who had this problem, paid the wrong country (UK), incurred fine on overdue Turkish taxes.
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Old 25th February 2007, 18:33   #10 (permalink)
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Re: Tax payable on villa rentals

thanks Icuru.
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