Property Generally
Tax Man Homes in on Foreign Property Purchases
THE TAX OFFICE (Maliye) has started to check up on some of the foreigners that have purchased properties in the Mugla region.
Tax inspectors have been calling door to door recently on selected properties in the Fethiye, Oludeniz, Hisaronu and Ovacik areas asking residents to confirm if they own property and how much they paid and when. They also want to know how the owner purchased the property, whether privately or through and estate agent. Several foreign residents have contacted The Mugla Post expressing their discomfort over visits from the tax-man that they feel are intrusive and unfair; although the tax officials concerned speak excellent English and are apparently at pains to be polite and helpful.
Turkish owners of estate agencies in the area have also expressed their annoyance at the visits saying that the season is slow enough without them adding to the problems.
As well as investigating property sales prices the tax-man is also on the lookout for people renting out their properties as holiday homes and declaring the correct income gained for taxation purposes. A Turkish Real Estates Federation spokesperson appearing on national TV station NTV commented that tax investigations of this type are quite common and that nobody should be concerned unless they have broken the law.
More details about taxation and the penalties for evasion can be found at the Turkish Consulates excellent website at the link below.
http://www.turkisheconomy.org.uk/buyingproperty/avoid_taxevasion.htm
Related Articles
- 2009-03-06 - British Property Owner Spearheads Campaign for the Reform of the Turkish Property Laws
- 2008-10-19 - Property Sellers Beware!
- 2008-07-07 - Turkish Property Sales to Foreigners Resumed
- 2008-06-17 - New Turkish Property Law to Limit Foreign Ownership to Just 10%
- 2008-05-24 - Dual Pricing - So Now We Know
- 2008-05-10 - Top Website Plans a Smooth Move
- 2008-04-21 - Sales of Property to Foreigners Suspended Again
- 2008-03-12 - Property Prices Down 40%
- 2007-09-26 - Turkish Mortgages Just Around the Corner
- 2007-06-29 - Buying Property: Use a Lawyer You it Makes Sense
- 2007-04-15 - The Local Property Market - April 2007
- 2007-01-17 - Tax Inspectors Uncover 13 Million YTL Property Frauds in Fethiye and Marmaris
- 2006-10-03 - Amnesty for Tax Dodgers
- 2006-09-07 - Property feature - quick roundup of expat resorts summer 2006
- 2005-12-05 - Property Sales to Foreigners Bill Gets to Parliament
- 2006-08-08 - Turkey Considering Spanish Model of Property Sales to Foreigners
- 2005-07-10 - Buying Process
- 2005-12-24 - Land and Property Sales to Foreigners Finally Agreed
- 2005-12-01 - Home Loans Mark New Era in Turkish Economy
- 2005-11-28 - Power Spike Sets Readers Fridge on Fire
- 2005-10-27 - Sales of Land and Property to Foreigners to be Resumed Shortly
- 2006-08-29 - Resale Property – When buying off plan isn’t always the best plan
- 2005-08-03 - Sales of Land and Property to Foreigners Suspended
- 2005-04-01 - Buying Land - A Cautionary Tale
- 2006-11-22 - Stay Warm and Stay Safe
- 2005-03-02 - Fitting Out Your Property
- 2006-07-29 - Tax Rates for Importing Goods
- 2005-03-02 - Importing Your Stuff
- 2005-05-02 - Excess Baggage - An Alternative?
- 2005-06-01 - Readers Experiences of Importing Stuff
- 2005-05-02 - Readers Importing Experiences
- 2008-07-14 - Planning rules, council tax and enforcement powers - Q&A
- 2008-01-31 - TEDAŞ – Now ‘cares’ about its customers
- 2007-11-29 - Important Changes To The Turkish Flat Ownership Law
- 2011-10-14 - Property - Fix Those Leaks Now
- 2005-06-01 - Maintaining your property
- 2008-03-18 - Know Your Tax Position
- 2005-07-01 - Rental
- 2005-07-01 - The House Renovation that Almost Sent Me to PRISON!
- 2005-07-01 - Property Improvements
- 2005-06-18 - Oasis in Pictures
- 2005-06-01 - Private Property Sales
- 2006-03-22 - Day Light Robbery! - Caught in the Act
- 2008-07-11 - Burglars Back on the Block
- 2008-10-21 - THE COURT SAYS ‘NO’ TO THE UZUMLU CEMENT FACTORY!
- 2010-08-18 - Private Property Adverts - Disclaimer
- 2011-06-02 - Fethiye Property Market Overview 2011
- 2011-07-21 - EU Accession Hurdle No Longer a Problem for Turkey Property
- 2011-07-27 - Buying property in Turkey: the pros and cons
Property Menu
Exchange Rate
Property Insurance
Fethiye, news, views, holidays, hotels, beach, blue cruise, expat, property, villa, retirement, apartment, Oludeniz, Ovacik, Hisaronu, Dalaman airport, charter flights, cheap flights
Explore
Local Weather













