If the father who owns the title deed is his daughter who receives the rent in his daughter’s bank account, can her daughter submit the rent declaration?
The father who is the title deed owner will declare the Real Estate Capital Income declaration. The rental amount also needs to be deposited into the father’s bank account. After collecting the rent, the father can give it to his daughter if he wishes.
Source: Istanbul Chamber of Certified Public Accountants
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
