Is Turkey next ????

[GordonA]

www.dailymail.co.uk/news/article-2523474/Brits-holiday-homes-Spain-France-banned-renting-tourists.html



How long will it be before the powers that be in Turkey jump on this money making band-wagon. I know this will not just affect British holiday makers, & has, seemingly, been 'normal' practise in Spain for some time, BUT, Turkey just seems to need the slightest provocation, under the present regime, to do as much damages as possible to their Tourist Industry !!

[stoop]

Nothing would surprise me but it will be a nightmare to administer.

[GordonA]

That is as maybe, Stoop,old boy, BUT, if there is money involved, & Erdogan Bey can squeeze any cash out of the very people ( tourists ), who have gone a helluva way toward making Turkey the financially viable country which it is, he will find the way. As they say ; yavaş yavaş !!

Now, all I need wait for, is for 'Rimms' to come along & inform me that he loves me, but I'm talking a whole crock of 'Bull-dust' !!   

[Ray1951]

As Stoop says, difficult to administer but as GordonA says, the government will do everything possible to squeeze money out of people.  There was talk before about taxing people who rent their property but nothing came of that.  I am sure that Mr. Erdogan will have lots of surprises up his sleeve in the future. So many foreigners have contributed to the Turkish economy and as we all know, we take nothing away with us except a sun tan and happy memories.

[JohnF]

How long will it be before the powers that be in Turkey jump on this money making band-wagon.

They already have done - various measures being employed to seek out potential undeclared rental income and arbitrary (and sometimes hefty) assessments already being dished out by the taxman.

JF

[stoop]

Glad we decided not to rent our place to be honest.

[JohnF]

As Stoop says, difficult to administer but as GordonA says, the government will do everything possible to squeeze money out of people.  There was talk before about taxing people who rent their property but nothing came of that.  I am sure that Mr. Erdogan will have lots of surprises up his sleeve in the future. So many foreigners have contributed to the Turkish economy and as we all know, we take nothing away with us except a sun tan and happy memories.

The tone of your reply suggests you are condoning evasion of tax on income earned within Turkey.  Would you feel the same about, for example, an eastern European doing the same in the UK?

JF

[stoop]

To be fair - those who rent out and make a profit should declare it as taxable income (assuming it is taxable based on their costs etc). I have no problem with that at all.

What gets me is what they are saying in France and Spain which is basically - 'you are undercutting hotels etc and we want you to have to abide by the same rules as them. If that means lots more hops to jump through then tough'

[JohnF]

To be fair - those who rent out and make a profit should declare it as taxable income (assuming it is taxable based on their costs etc). I have no problem with that at all.

I don't have the details to hand just now, but the allowances claimable for (touristic) landlords are pretty fair.  I know for a fact (we rent out property in both UK & TR) that they let you away with a lot more than HMRC does.  At the end of the day it is up to the individual, take the risk or keep it legal(ish), just like every other business in Turkey.

What gets me is what they are saying in France and Spain which is basically - 'you are undercutting hotels etc and we want you to have to abide by the same rules as them. If that means lots more hops to jump through then tough'

No, thats what the Daily Mail and other tabloids are saying - the situations in France and Spain is completely different and the thick feckers who masquerade as journalists for these rags are simply to lazy to their research.

JF

[Fran]

It's already on the cards.
http://www.yellali.com/news/article/34/new-regulations-for-renting-out-your-turkish-property