purchase – Muhasebe News

House Sales Statistics, April 2018

MuhasebeNews — Tue, 22 May 2018 11:00:53 +0000

House Sales Statistics, April 2018

In April 2018, 103 087 houses were sold in TurkeyIn Turkey, house sales decreased by 9.9% in April 2018 compared to the same month of the previous year and hence, became 103 087. For the house sales of April 2018, İstanbul had the highest share of house sales with 16.9% and 17 414 sold house. The followers of İstanbul were Ankara with 10 352 house sales and İzmir with 6 418 house sales with the share of 10% and 6.2% respectively. The least house sold provinces were Hakkari with 6 house sales, Ardahan with 8 house sales, Bayburt with 22 house sales.

Number of house sales, 2017-2018

In April 2018, 27 912 ownership of the houses changed by mortgage sales

The mortgaged house sales throughout Turkey became 27 912 by decreasing 35.6% compared to the same month of the previous year. House sales with mortgage had a 27.1% share of all house sales in Turkey. Most of house sales with mortgage was in İstanbul with 5 047 sales. İstanbul was the first province in Turkey ranking that has most house sales with mortgage share with 18.1%. Mortgaged house sales had the highest share in Artvin with 38.5% of all house sales.

Ownership of 75 175 houses changed by other sales

Other house sales in Turkey became 75 175 by increasing 5.7% compared to the same month of the previous year. In the other sales, İstanbul was the first province with 12 367 sales and 16.5% share. Other house sales had 71% share of all house sales in İstanbul. Ankara was the second province with 6 978 sales. Ankara was followed by İzmir with 4 483 sales. The least other house sales was realized in Hakkari with 5 house sales.

House sales by type of sales, April 2018 House sales by state of sales, April 2018

In house sales, 47 534 of houses were sold for the first time

First house sales in Turkey became 47 534 by decreasing 8.6% compared to the same month of the previous year. First house sales had 46.1% share of all house sales in Turkey. The most first house sales was in İstanbul with 8 063 sales. İstanbul was the first province in Turkey ranking that had most first house sales share with 17%. The followers of İstanbul were Ankara with 3 596 house sales and İzmir with 2 696 house sales.

Ownership of 55 553 houses changed by second hand sales

Second hand house sales in Turkey became 55 553 by decreasing 11.1% compared to the same month of the previous year. In the second hand sales, İstanbul was the first province again with 9_351 sales and 16.8% share. Share of the second hand sales was 53.7% in İstanbul in total house sales. Ankara was the second province with 6 756 sales and Ankara was followed by İzmir with 3_722 sales.

In April 2018, 2 043 houses were sold to foreigners

In house sales to foreigners became 2 043 by increasing 25.8% compared to the same month of the previous year. İstanbul was the first province with 676 sales in April 2018. The followers of İstanbul were Antalya with 475 house sales, Bursa with 150 house sales, Trabzon with 143 house sales and Yalova with 113 house sales.

Most house sales were made to Iraq citizens according to country nationalities

Iraqi citizens bought 337 houses from Turkey in April. The followers of Iraq were Saudi Arabia with 252 house sales, Iran with 138 house sales, Kuwait with 116 house sales and Russia with 112 house sales.

The next release on this subject will be on June 20, 2018.

___________________________________________________________________

Source: TSI
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

How stock certificates and purchase and sell earning are taxed?

MuhasebeNews — Thu, 17 May 2018 14:52:53 +0000

How stock certificates and purchase and sell earning are taxed?

1-How stock certificates and purchase and sell earning are taxed?
Stock certificates and purchase and sell earning are liable to tax according to the temporary article numbered 67, and forward transactions and option agreements based upon stock certificate and share index according to the ministry of the board decision on 27^thApril, 2012 numbered 2012/3141 by the fully responsible or limited tax payers, will be executed %60 withholding amount.

2- Moreover, incomes stemming from selling out stock certificates of more than a year, belonging to the fully responsible tax payers and traded at the exchange in İstanbul, are not subject to the withholding. For these taxes, it is not possible for submitting tax declaration since the article numbered 80 of Income Tax Law cannot be implemented.

3- Taxation of the income acquired since 01.01.2006;
– Taxation of the income of stock certificates and purchase and sell earning acquired since 01.01.2006 are subject to withholding within the provisions of the article numbered 67.

– Withholding rate executed over the income of stock certificates and purchase and sell earning of the real people, is decided as % 0. There will be no need for annual or peculiar declaration.

4- Taxation of the income acquired before 01.01.2006;
Taxation of the income of stock certificates and purchase and sell earning acquired before 01.01.2006 are not subject to withholding within the provisions of the article numbered 67. These incomes will be taxed according to the legislation provisions legit on 31st of December of 2005, and no matter how much is the rest amount, it will be declared.

___________________________________________________________________

Source:Income Tax Law
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Purchase & Sale Abstract

MuhasebeNews — Sat, 24 Feb 2018 09:02:45 +0000

Purchase & Sale Abstract in Turkey

1- Taxpayers within the scope of liabilities
Taxpayer who keep account book according to the balance sheet

2- Purchase& sale rate in the declaration
Each and every purchase& sale above 5.000 Lira

3- Declaration Period Time
Since the first day of the following day until the last day up at 23.59

4- Purchases & Sales
Documentation will be declared in accordance with the dates.

5- İmport& Export Transactions
In imports, custom declaration entrance day will be taken into account, while in exports the day actual export carried out will be taken into account.

6- İmposing Penalty in the case of declaration is not given on the date or given as paper sheet
According to the Tax Procedure Law repeating 355, irregularity fine is imposed. In the case of imposing penalty, purchase & sale forms considered to be one form.

7- İmposing Penalty on issuing declarations
Penalty will not be imposed within the period of issuing declaration.

Tax Procedure Law repeating 355 is imposed on each and every form in the declarations issued after the expiration day.

First 10 days after the expiration day, without penalty
First 15 days in the following day, on the 1/5 rate
if it is given afterwards, special irregularity penalty exposed.

Source: İsmmmo

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.