28.02.2026 14:40
The declaration process for property owners who earn rental income above the specified limit from residential and commercial properties starts tomorrow. Declarations can be submitted until March 31, and the accrued taxes can be paid in two installments in March and July. In the case of underreporting rental income, the "market rental value" will come into play.
The Revenue Administration is starting the declaration period for rental income for the year 2025. Property owners who earn rental income above the specified exemptions and limits will fill out their income tax declarations by the end of March. For the year 2025, the exemption amount for residential rental income will be applied as 47 thousand lira. For workplaces, the declaration limit has been set at 330 thousand lira. Those who earn income above these amounts will be required to submit a declaration. Each individual will prepare a separate declaration for the rental income obtained from the properties owned by family members. In cases where multiple people jointly own a residence, everyone will only report the rental income corresponding to their share.
TAX PAYMENTS WILL BE MADE IN TWO INSTALLMENTS
The income tax calculated as a result of the declaration can be paid through the Digital Tax Office or via contracted banks. Payments can be made using bank cards, credit cards, wire transfer methods, tax office counters, and PTT branches. Taxes related to rental income obtained in the 2025 calendar year will be paid in two equal installments in March and July. The first installment and stamp tax will be due by March 31, and the second installment will be due by July 31.
47 THOUSAND LIRA EXEMPTION FOR RESIDENTIAL RENTAL INCOME
An exemption of 47 thousand lira will be applied to income obtained from properties rented out solely as residences. Those who earn rental income above this amount will calculate their tax by deducting the exemption amount from their total declared income. No declaration will be made for residential rental income that falls below the exemption limit. Those who earn rental income from multiple residences can benefit from the exemption only once. In cases of joint ownership, the exemption will be applied separately for each co-owner.
IF THE PRICE IS KEPT LOW, "COMPARABLE RENTAL VALUE" WILL COME INTO PLAY
Regulations are also in place for those who show a low rental price and collect the remaining amount in cash. If the rental price is not determined at all or is shown below the market value, the "comparable rental value" will be taken as the basis. In cases where the property is left for use by someone else free of charge or the rental price remains below market conditions, the comparable rental value application will come into effect. For buildings and land, the comparable value will be calculated based on the rental amount determined by the competent authorities or courts. For other goods and rights, 10% of the cost price will be taken as the basis; if the cost is unknown, 10% of the value determined according to the Tax Procedure Law will be used as the basis.