would – Muhasebe News https://www.muhasebenews.com Muhasebe News Tue, 05 Mar 2019 13:37:23 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.4 If taxpayers in Turkey sell their real property entered as assets, would they have to pay taxes https://www.muhasebenews.com/en/if-taxpayers-in-turkey-sell-their-real-property-entered-as-assets-would-they-have-to-pay-taxes/ https://www.muhasebenews.com/en/if-taxpayers-in-turkey-sell-their-real-property-entered-as-assets-would-they-have-to-pay-taxes/#respond Tue, 05 Mar 2019 13:35:45 +0000 https://www.muhasebenews.com/?p=49936 A taxpayer keeps accounting records on the basis of balance. If the taxpayer sells their real property that is entered as an asset, would it be possible for them to benefit from 50% exemption from income tax and VAT exemption?

 

Only corporate taxpayers are able to benefit from the Real Property Income Tax Exemption that is mentioned in the Value Added Tax Law and Corporate Tax Law. Income taxpayers can not benefit from this exemption.

 

 

 

 

 


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.


]]>
https://www.muhasebenews.com/en/if-taxpayers-in-turkey-sell-their-real-property-entered-as-assets-would-they-have-to-pay-taxes/feed/ 0