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[12:51 PM | 8 Comments | ]
Most recent developments in sale of real estate to foreign citizens

I - Introduction:
Stability and growth reached in the Turkish economy has attired attentions of foreign investors and foreign real persons to Turkish real estate market. The fact that Turkey has been attracting foreign investment created a need for new regulations on the right to real estate of foreign citizens. There have been many amendments in many regulations regarding this issue, especially in the Deed Law, and some part of these regulations has been cancelled by the Constitutional Court.
For this reason provisions of the Deed Law regarding right to real estate …

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[12:27 PM | No Comment | ]
Duty of Making Rent Payments Through Bank Transfer or Mail Order Brought by Paper Nr. 268 on Income Tax

The explanations below are provided by the Paper Nr. 268 on Income Tax published on the Official Gazette on 29.07.2008. These explanations are about certification of residence or workplace rent payments and receipts through banks and post offices.
As of 01.11.2008, the duty to certify rent payments by means of documents to be drawn up by Banks or General Directorate of Post and Telegram Administration is brought

To those that have a rent income over YTL 500 for every resident in residential rents,
To landlords and lessees in workplace rents.

This way, landlords who …