Declaration and taxation of real estate capi̇tal funds in Turkey

In addition to the rapidly growing construction sector in Turkey, a significant increase has been observed in the income generated by real estate taxpayers. In this study 'Taxation and Declaration of Real Estate Capital Funds' was discussed and examined in detail. Besides, the way in which real estate capital gains are taxed, similarities and differences are discussed in detail in other selected countries. In the first part of the study, immovable property holders, immovable property and rights are explained. The relation between other income elements of real estate capital income has been examined. The matters to be considered when real estate capital gains are collected together with other income elements are explained. In the second part, the determination of the revenue in real estate capital, the expenses and methods that can be deducted from the property, the application of the housing allowance, expenses that can be deducted from the annual declaration, the taxation of the immovable capital income from the source, the transactions made in case of damages in real estate capital, interest-free application is explained with the help of sample applications. In the last part, the annual and conclusive declaration is explained first, then the method of taxation in the source is explained in detail with the help of examples. Later, it is explained how taxable income should be declared and the matters to be considered when declaring. Finally, the methods of taxation of the immovable property rights of the selected countries are explained with the help of the information obtained and the differences with Turkey are evaluated. KEYWORDS: Real Estate, Real Estate Capital Income, Declaration, Taxation