Holiday Let New Controls

[Rana]

Exactly John, few scare tactics me thinks!

[Ibrahim özdemir]

Hello,i am certified accountant in Fethiye.i prepared an info document about taxation of daily rentals.You will get answers with most of common questions.i hope,it will be helpful.

[AOK]

Thanks for the information:
But there is conflicting information:

When your friends stay at your property,tax office  not accept this as a free accomidation.They accept,it is daily rental too.You still need to  make taxation for their stay.

If your parents,husband/wife,kids and grandkids stay at your property,that is ok.if your friends stay at your property while you are staying at property that is ok as well.

[AOK]

ignore my post above,i've spotted the difference :

[Ibrahim özdemir]

my information is just about taxation.if your friends stays at your property while you are staying or your close family staying,they will be guest.and you dont need to make invoice for them.i advice to home owners to keep a tapu copy and a passport copy at your property.if there will be a control by tax inspectors,you or your close family member can show.

[Ian_and_Sian]

So, clear as mud then??

Source 1: (Above)
When your friends stay at your property,tax office  not accept this as a free accomidation.They accept,it is daily rental too.You still need to  make taxation for their stay.

Source 2 ((http://legalrentalsturkey.com/faqs-2/)
ARE YOU POSITIVE? ARE YOU ABSOLUTELY SURE THAT MY FRIENDS AND FAMILY CAN STAY AT MY PLACE WITHOUT INFORMING ANYONE IF I DON'T RENT MY PROPERTY TO ANYONE?
YES. ABSOLUTELY SURE. THESE REGULATIONS ONLY CONCERNS THOSE WHO SEEK COMMERCIAL INCOME FROM THEIR PROPERTIES. YOUR GUESTS WILL BE ASKED FOR THEIR PLACE OF RESIDENCE DURING THEIR HOLIDAY WHEN THEY ENTER THE COUNTRY. SO YOU DO NOT NEED TO INFORM ANYONE.

Source 3 (Cannot copy/paste from Fethiye Times site, comment link below)
http://www.fethiyetimes.com/property/21269-giykimbil-system-short-term-property-rentals-turkey.html#comment-20291

Going by the latest source, I now need to setup everything for the tax office for 600TL then employ an accountant at 2500TL pa even though I only have close friends or family stay for free and don't rent commercially.

[KKOB]

[Ibrahim özdemir]

I will try to clear
Source 2 is completely wrong.Only your close family and your friends who stays with you/with a member of close family  is accepted as free of charge.Free of charge accomidation is very unclear,open to abuse situation for tax office and they clearly explain border of free of charge accomidation in tax law.
Source 3 has a lot of different informations but as i see it is writen there to speak with and certified accountant or with tax office to get blear information about tax side.You can get information from tax office easily if you are in Fethiye as well.

I understand your point,your friends come to your home,having holiday and you dont charge any money.But our tax laws not accept a benefit of something as complimentary.
At G.V.K.(Income tax law) no:73 says:'' Bedelsiz olarak başkalarının intifaına bırakılan mal ve hakların emsal kira bedeli, bu mal ve hakların kirası sayılır.''

Basiclly it says,imputed rental cost will be calculated and accepted as income for free of charge benefits.if they make a control to your property and find out some one elses stays,they will make a valuation of market rental prices.And it will be accrued income for you.I am sorry but this is what tax law says.
Also you are not giving around 2500 lira to your accountant.that amount consist of accountant fee,duty stamps of V.A.T.,witholding tax,pre-paid tax,income tax declaration forms.These are standart payments when you registered as a tax payer in Turkey.

[Scunner]

This is very complex information coming from the Tax Office to confirm the details of the new rules in regard to renting and taxation. I remember when it was supposed to be about countering terrorism.

[Ian_and_Sian]

So, even though there are some of us who are not wanting to make an income, (in fact, losing money because of electricity, water, etc.) we still have to pay tax on the income we haven't made.

If it's worked in percentages that's fine - I'll quite happily pay 100% tax on my rental income because 100% of zero is still zero!

This is becoming more farcical by the day!