Renting out Property in Turkey
Turkey is a perfect destination for buy to let. You can rent out your property while you are not in the country, either to keep someone there for security or to make a second income and recoup running costs.
There are many places around Turkey where you can achieve the highest rental yields especially within the entire Turkish coastline. Rental yields in the small, upmarket coastal resort are currently exceeding over 9% per year. As well as using rental companies and their complete property management programs, you can also easily employ third party local firms which can deal with tasks such as checking for damages, dealing with renter’s requests and arranging items such as cleans and welcome packs.
Please contact our property consultants for further information.
Marketing your Rental Property
Your best option to rent your porperty are Individual companies. They will market and advertise your property for you. This service is usually charged for but there is good news about it that only the tenant pays the rental fee.
Paying Tax on Rental Income
As the owner of the rental property, you have pay tax annually on rental income. The tax amount varies depending on the level of revenue but starts at roughly 15%. Foreigners who want to pay tax will need a tax number. Deductible expenses are allowed, and tax returns are usually due yearly in March.
Please contact to us for more information and assistance on the process. Otherwise, you can face with serious legal tax issues.
Our professional team can help you