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In construction company, real estate investment, tax advantages and be recognized

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2016
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Abstract (EN)

It is stated in theArticle 25 of Universal Declaration of Human Rightsthatbeinglandlord is a requirement of life standardlikefood, clothingandhealthforindividuals. There is also a divisionwithin United Nations calledHousing Construction and Planning. InTurkey, housingneed has beenaccelerated since 1950 withintherealestatesectorduetoruraldepopulation in Anatolia which has risen urban population. Urbanisationpavedthewayforrisinghousingneed. Financial problemstosubsidiserealestateprojects since thiskind of projectsarelongandcausehighcosts, desiringtocompensatesuchproblemsthroughlongtermfinancialsourcesandprovidedtaxbenefitsplay role in theemergence of REITs. Activities of REITsarefollowedandinspectedbyCapitalMarkets Board (CMB). However, firstlegislativeregulation in Turkeyregardingrealestateinvestmenttrust (REIT) wasprepared in 1995 by CMB. ItmakesREITsmorereliable as theyaretraded at thestockexchangesothatthey can easily be monetized, financialstatementsaredeclaredtothepublicandpurchasingoperationsareevaluatedbyindependentexpertcompanies. Construction companies in Turkey, which has becomethe engine of theeconomy in recentyears, should be handedovertoprofessionallyorganized REIT firms. REITs' incentivescopeshould be extendedtopreventinformality, poorqualityconstructionandunplannedurbanisation. Theaim of thisdissertation is toscrutinizethedifferencebetween REIT andregularconstructionenterprise in terms of establishment, functioning, taxadvantagesandaccountingrecordings Keywords: Real Estate Investment Trust, Build, Accounting

Author

Gültekin Gögen

How to Cite

Gültekin Gögen (Master Thesis). In construction company, real estate investment, tax advantages and be recognized, 2016, İstanbul Aydın University.

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