Author Topic: capital gains tax  (Read 5591 times)

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Offline Scunner

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capital gains tax
« Reply #10 on: August 28, 2009, 20:07:28 PM »
Oh I should say that's 5 years from the date of your tapu, not 5 years from the day you agreed to buy it or 5 years from when you paid for it and the agent stuck it in the bank for 3 years.

Bye  :)



Offline bee

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capital gains tax
« Reply #11 on: August 28, 2009, 22:19:49 PM »
we were told 4 years,from 2006, our Tapu came through oct 06, is it 4 years or 5.Bee

Offline DianaJ

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capital gains tax
« Reply #12 on: August 29, 2009, 08:39:04 AM »
is there any element of exempt from tax like in the UK, £9600 per year and if property in jnt names then than doubles ??

Offline Old Daffodil

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capital gains tax
« Reply #13 on: August 29, 2009, 10:17:56 AM »
« Last Edit: August 30, 2009, 14:32:23 PM by Daffodil »

Offline KKOB

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capital gains tax
« Reply #14 on: August 30, 2009, 14:59:26 PM »
Bee,

Yours is still 4 years. It changed to 5 years for properties purchased after 1st January 2007.

However, TL 7,600 of the gain attained from sale is exempted from income tax starting from 1st January 2009. (TL6,800 in 2008) So, there is a small Tax-Free Allowance.
« Last Edit: August 30, 2009, 15:03:44 PM by KKOB »

Offline bee

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capital gains tax
« Reply #15 on: August 30, 2009, 16:30:19 PM »
Thanks kkob, think I understand it :)

Offline Chinook

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capital gains tax
« Reply #16 on: September 05, 2009, 11:28:39 AM »
Is the tax deducted at source before you receive the money or retrospectively as a tax year end declaration as you do with rental income.

Offline Andrew H

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capital gains tax
« Reply #17 on: September 05, 2009, 16:48:02 PM »
So someone IS making a profit from a sale then!




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