Rental Income Taxation - New Booklet

[Chinook]

The Turkish Revenue have published an updated ( Feb 2010) version of their booklet. Its so new that the pictures are unstable and I cannot print but the words and format are OK so it is legible. First glance suggests nothing much has changed but as we know particularly with taxmen the devil is in the detail


http://www.gib.gov.tr/index.php?id=1013

Under the Interactive Education link they have a section called Rental Income Declaration Assistance but it is in Turkish only. anyone able to translate and post?

[stoop]

This is the interesting bit for those who take less than 2600ytl in rental income. Also for those who take more than that amount:

6. EXCEPTION IN RENTAL INCOME

If persons, who gain rental income from house, obtain income less
than the amount of exception that is established annually, they are not
required to file a tax declaration to tax offices.

If the rental income from house exceeds the amount specified
for exception, the amount of exception should be deducted from rental
income to be declared in the annual tax declaration.

[honeycombe]

Sorry but can anyone clarify item 10 of this latest document, where it says (1.070 TL for the year 2009).  Does that mean that if you are not dealing through an agent who witholds tax that you must declare on over that amount?

Also does the 2600 exemption only apply to long term rentals

Cheers