Income tax on rent, worked example, in Turkey
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| Non-resident couple's joint monthly rental income1 | €1,500 | €6,000 | €12,000 | |
| Annual Rental Income | 18,000 | 72,000 | 144,000 | |
| Less Standard deductor(25%) | 4,500 | 18,000 | 36,000 | |
| = Taxable Income | 13,500 | 54,000 | 108,000 | |
| Income Tax Rates4 | ||||
| Up to TRY 12,600 | 15% | 900 | 900 | 900 |
| TRY11,000 - TRY 30,000 | 20% | 1,467 | 1,467 | 1,467 |
| TRY27,000 - TRY 69,000 | 27% | 1,260 | 5,220 | 5,220 |
| Over TRY 69,000 | 35% | - | 13,767 | 38,967 |
| Annual Income Tax Due | 3,627 | 21,353 | 46,553 | |
| Tax Due as % of Gross Income | 20.15% | 29.66% | 32.33% | |
| Source: Global Property Guide |
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Notes
1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 EUR = 3.00 TRY
3 A lump-sum standard deduction of 25% of the gross income may be deducted to account for income-generating expenses.
4 ncome tax rates applied to rental income for 2019 are as follows:
INCOME TAX 2019 - OTHER INCOME |
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| TAXABLE INCOME, YTL (€) | TAX RATE | |
| Up to 18,000 (€ 6,000 ) | 15% | |
| 18,000 40,000 (€ 13,333 ) | 20% on band over €6,000 | |
| 40,000 98,000 (€ 32,667 ) | 27% on band over €13,333 | |
| Over 98,000 (€ 32,667 ) | 35% on all income over €32,667 | |
| Source: Global Property Guide | ||
