Property at Royal Heights Resort, near Bodrum, Turkey New regulations for renting out your Turkish property A new regulation (set to be introduced) by the Minister of Tourism & Minister of Internal affairs will see tighter controls for homeowners wishing to rent out their Turkish properties to holidaymakers. YellAli has received the following information from the Ministry of Tourism and although regulations are not yet fully finalized, we thought it necessary to highlight what the new planned regulations will be.
Paying income tax
This it not a new regulation. However, Turkish authorities will now start to clamp down on homeowners who rent out their Turkish property to holidaymakers without contributing any tax to the State. Stricter punishments will be enforced for homeowners who do not comply.
Declaration
If you plan to rent out your Turkish property to holidaymakers, then you must make a declaratio