Rental income, real estate in Turkey
Taxation of rental income in Turkey is simple
and easy to understand, it is also much
less expensive in comparison to all other European
countries. Also renting a holiday home for the time you don’t
use, is a very often practiced and lucrative option.
To achieve a
maximum yield for your real estate, we advise and recommend assigning
Ilktomi Properties for
all rental matters.
As a Bodrum based company, specialised on holiday homes, providing real
all-round Service to a remarkable number of regular customers, Ilktomi
Properties will always be screening your interest.
Rental income tax in Turkey
Regarding taxation for rental revenue basicaly; the first 2500 TL is taxfree, there is 15% tax for the next 7500 TL and over 10000 TL there is 25% tax on the income, you can deduct your expences. The revenue has to be declared ones a year in the tax-office.
Ilktomi Properties
services
All forefield activities like, price forecasting, marketing and
promotion.
sales and marketing activities, including the distribution of
a travel catalogue to numerous travel agencies, internet marketing and
direct mailing to our existing regular customers.
Sales and counselling, making reservations, booking flights and
monitoring payments.
Our service team will take care of the airport transfer.
Destination based dedicated attendance and service team, responsible
for key holding and handover, as well as cleaning the property before
and after every booking.
During the vacation all household linen and towels will be washed
ironed and the beds re-made.
Our service team is 24 hours available for any special requests from
our guests, as well as any kind of difficulties, which may occur or in
cases of emergency.
Our service team will check the property thoroughly for any possible
damages at departure and will take care of the adjustment of damages if
any occurs before refunding the customer’s security deposit.
Ilktomi Properties charges are 15 % from realised income.
Earnings 2010 season
We had an average booking rate of 20
weeks which is a 74% capacity of the season to an
average price of 300 £ a week.
Prices for 2 bedroom app. has been 240 £ off season (Nov.-April)
300£ season (June + okt.)
390£ high season ( July - sept.)
Earnings forecast 2011
After 5 years of consecutive growth
rates between 20% - 35% we had a consolidation in the 2010 season, due
to the credit crunch 2009.
According to our customer feedback and the figures in the second half
of the 2010 season, we expect that the growth rates will reach again
the highs before 2009. Also we observe a new trend in the demand that
shifts from 1 week all inclusive hotel vacations to 3 weeks holiday
home vacation.
Properties with 5% rental guarantee for 2 years |
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