Property owners; As long as they rent out their houses, land, etc., they have to pay a tax to the state. This is called Real Estate Capital Income or, as it is popularly called, rental tax. It is a type of tax regulated by Article 70 of the Income Tax Law. This tax covers income earned from renting real estate, such as homes and commercial properties. The income is called “real estate capital gain” and is subject to income tax under certain conditions. In accordance with the Income Tax Law, anyone can own an area, place, land, flat, shop, etc. If a person earns income from income, is a person who can exercise legal authority, and exceeds the exemption amount, he/she is also obliged to pay rental tax. How and Where to Pay Rental Tax? Property owners own houses or shops, etc., from which they generate income. must pay taxes for their areas. Nowadays, payment of these taxes can be carried out more easily and practically than before. There are multiple options for property owners to pay their taxes. Of course, the first thing to do is to go to the tax office of their residence, with the system that is always valid. In addition, payments can be made by hand at any bank branch that has collection authority. Apart from these options, the easiest method is to file a declaration by following the steps shown in the interactive tax office. While people make their payments with the ease of mobile applications, they can also make their rental tax payments via the internet via the Tax Office Platform. What Happens If Rental Tax Is Not Paid On Time? In our country, taxes must be paid on every issue that requires tax payment. Of course, rental tax must also be paid on time. Unfortunately, penalties will be imposed on property owners for taxes not paid on time. You may often face late payment penalties and interest charges. It should not be forgotten that serious investigations have recently been initiated by the Ministry of Finance against the persons from whom real estate capital is received. In case of any error or problem that may occur, the person should apply to the tax office in time. Otherwise, failure to pay taxes will result in penalties. How to Fill Out Rental Tax Declaration Online? Rental tax return is the document in which property owners declare the income they pay when they rent out their property. There is an obligation to fill out this document. There are two options for property owners to fill out their rental tax return. People can choose what is available to them. One of these can be easily accomplished through this system via e-Government. At the same time, it can be easily filled out through the Revenue Administration website, that is, through the Revenue Administration. These procedures are short and practical. Those who want to fill out the declaration via e-Government; After logging in to the system, type “internet tax office” in the search button, “ready declaration system” and then follow the steps “fill out your declaration here”. They can click on the “ready declaration” tab from the “quick access” table that appears. Afterward, people will come to the “Quick Access and Ready Declaration” option. In these options, “Rent” is selected and entered into the system. By selecting the period, the “Fill out 2023 return” section is selected. All required information such as phone number, type of property, and year of rental income is entered. Finally, 3A real estate capital income, rental income amount/annual amount is written. If property owners want to fill out a declaration through the Revenue Administration; You can log in to the Revenue Administration website and benefit from the ready declaration system from the e-transactions page. Here, they can click on the “Fill in Declaration” tab, check the ready-filled declaration, and complete their transaction with final approval. When is the Rental Tax Declaration Submitted? Property owners pay the rental tax return in the year following the income they earn. Notification can be made any day during the period covering March of the year being followed. The declaration submission/submission period will also end at the end of March. Who is required to declare their rental income? Landlords and shop owners who rent out their properties must declare their rental income. For 2023, those who have received residential rental income over a total of 21,000 TL 2023 (exemption amount for 2024 is 33,000 TL), based on the value determined by the Revenue Administration, will submit a declaration. If the gross amount of workplace rental income that has been withheld on the property owned during the year exceeds the declaration limit of 150,000 TL (230,000 TL for 2024) and the total real estate capital income that is not subject to withholding tax and exemption application still exceeds the limit of 8,400 TL, the obligation to declare rental income arises. For the calendar year of March 2024, the workplace rental fee includes metropolitan municipality borders.
