The importance of taxation process in real estate investment partnerships in terms of independent auditing and administration firm declaration

Real Estate Investment Partnerships (REIP) are the capital market organizations which could make investments to the immovable properties, immovable property projects, rights based on immovable property and the capital market instruments and other capital market instruments and which could establish ordinary partnership in order to realize certain projects. Thus, the Real Estate Investment Partnerships take part not only in the real estate but also in the finance sector because of the characteristics owned. The first appearance of the Real Estate Investment Partnerships is seen in the United States of America (USA) in 1960's. In our country, REIPs which is one of the most important actors of the real estate sector is regulated in accordance with the Capital Market Board Announcement in the year 1995 for the first time. The Real Estate Investment Partnerships which have a very important place in the capital market are obliged to perform independent external audit in order to perform the functions which are required to be made relating to the areas of activity in accordance with the capital market regulations. In addition to such obligations, the Capital Market Board (CMB) stipulates the importance and clarification of the