Capital Gains Tax

[Old Daffodil]

Advice in Capital Gains Tax on

www.turkisheconomy.org.uk/buyingproperty/property_taxes.htm

Friend was asking me about this, hope it helps.

[DianaJ]

from reading the section on rental income do i understand ytl 2600 is exempt and if property is in 2 names is it 2600 each???.
See you can deduct 25% of maintenece costs can  you deduct anything for electric & waters costs ?

[sunnyd]

I was at the tax meeting in 2007, and I know that the monetary amounts may have altered but the 'rule' then from the head office was...
If there is more than one owner of a house, the exception for the taxation of rental income is applied individually for each owner.
Also deductable expenses (deductable from the gross rental income) were,
lighting, heating and water.
management charges relalted to administration of rental property.
Insurance expenses of rented property and rights.
maintenance expenses of rented property
repair expenses of rental property
Again these were quoted in 2007. The tax office website (in English) is
http://www.gib.gov.tr/index.php?id=469

[DianaJ]

thats great looks like i woudlnt have any tax liabilty for this year then in that case ... thanks