Kalkan Turkey Forum - EnjoyKalkan.com
The Owners Lounge => General Discussion => Topic started by: Wendy on October 09, 2014, 03:27:08 PM
-
We have read the article on black lions page.
We pay taxes every year to Ali Tunc.
What is the personal allowance?
I have in mind that you can claim for four things
Electric
Water
Maintenance
One other which I can't remember.
Any other input welcome!
Wendy x
-
Hi
If Ali Tunc is doing your return I would have no doubt he has included the personal allowance for you. You deduct this amount from your gross rental income and then deduct expenses, either actual or a 25% allowance, whichever way you are doing it. you are then taxed at 15% normally on the remainder. (20% over a certain figure which I can't remember). Last year the personal allowance was 3200 lira. When we used Ali Tunc he used the 25% deduction method.