four years before the date of 1.1.2007 acquired real estate, acquired the property sold within five years from the date of 1.1.2007, the profits are taxable.
to be sold in 2012 house, office, land will be exempt from income tax the gain to be obtained from 8 800 lira. 8 sales revenue exceed 800 pounds, exceeding the tax is declared and payable in part.
income tax rates |
||||||
| applicable income tax rates for 2012 | ||||||
| 10.000 | tl | %15 | ||||
| 25.000 | side of tl | 10.000 | si tl | 1.500 tl | for more | 20 %of the |
| 58.000 | side of tl | 25.000 | si tl | 4.500 tl, * | for more | %27 |
| 58.000 | more from the tl side | 58.000 | si tl | 13.410 tl, ** | for more | 35 % |
the cost of real estate is calculated by adding the rate of inflation each year.
say
in 2009 100.000,00 tl in 2012 purchased the land 160.000,00 tl was sold.
each year in the rate of inflation is 10%, assuming that the tax calculation takes place as follows.
2009. land price 100.000,00 tl
2010. land the price of 100.000,00 tl + % 10 = 110.000,00 tl
2011. land the price of 110.000,00 tl + % 10 = 121,000 square,00 tl
2012. the price of land 121,000 square,00 tl + % 10 = 133.100,00 tl
the cost of sales is reached by the difference between the price and the revaluation is taken.
160.000,00 tl ( - ) 133,100,00 tl = 26.900,00 tl is the gain that should be taxed.
26.900,00 tl ( - ) 8,800 in,00 tl = plant 18.100,00 tl
10.000,00 tl % 15 = 1.500,00 tl
8.100,00 tl % 20 = 1.620,00 tl
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the plant 18.100,00 3,120 s tl,00 tl income tax is calculated.
note: if done on a continual basis of the real estate business income and not as capital gains, “commercial gain” is taxed.
in this case, you necessarily need to consult with a cpa.
