Investment Guide

Exemption of Real Estate Capital Income

Exemption of Real Estate Capital Income

The income obtained from the renting of the buildings as a residence within a calendar year is exempt from the income tax of TL 5.400 for the 2019 calendar year (TL 4.400 for the 2018 calendar year).

    Those who cannot benefit from real estate capital income exemption; those who are obliged to declare their commercial, agricultural or professional earnings by annual declaration (including the owners of commercial proceedings subject to simple procedure), income from buildings rented outside the home, those who have received proceeds on the limit of exception and have not declared or are under-declared, the wages obtained separately or together, regardless of whether or not a declaration is required, the sum of the gross income of real estate capital income and other earnings and revenues is classified as those exceeding the amount included in wage income.

    The rental income obtained must exceed the exemption amount. Otherwise, if the rent income obtained is below the exemption limit, the income does not need to be declared with the annual income tax return.

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