Real estate rental tax is a tax levied on rental income earned from properties, whether residential or commercial. In Turkey, the real estate rental tax is imposed on property owners who earn income from renting their properties, and it is a form of income tax.

Tax Rate for Real Estate Rental in Turkey:
The tax rate for rental income in Turkey varies depending on several factors, including the type of property, location, and amount of rental income. For residential real estate, the tax rate on rental income in Turkey ranges from 15 to 35 percent, while for commercial real estate, the tax rate can be as high as 45 percent. The tax rate is usually higher for commercial properties due to the higher income potential they generate compared to residential properties.

Exemptions and Deductions:
Individuals who earn rental income from properties are only required to pay the real estate rental tax if their income exceeds the minimum income threshold set by the tax department each year. Additionally, there are deductions and exemptions available to reduce the amount of tax payable. For example, individuals can deduct property-related expenses such as maintenance, repairs, and insurance from their rental income.

Calculation of Real Estate Rental Tax in Turkey:
To calculate the real estate rental tax in Turkey, property owners first need to determine their rental income. Next, they can deduct qualified expenses from their rental income, which will reduce the taxable income. The resulting taxable income is then multiplied by the applicable tax rate to determine the real estate rental tax owed.

Compliance Requirements:
It is important to note that property owners are required to keep accurate records of their rental income and expenses to ensure that the tax is calculated correctly. Failure to do so may result in penalties and interest charges. Property owners must also pay their real estate rental tax on time to avoid penalties and interest charges.

In summary, the real estate rental tax in Turkey is a tax on rental income earned from properties. The tax rate varies depending on several factors, and there are deductions and exemptions available. Accurate records must be kept, and the tax must be paid on time to avoid penalties and interest charges. It is important for property owners to understand their compliance requirements to avoid any potential issues.