Is it possible to benefit from the exemption of real estate sales income stated in the corporate tax law for the income earning from the sale of the building which has been started to be built on the land that has been in the company’s assets for more than two full years and has not been completed yet?
In the construction of the building, which has been built or is being built on the land registered in the Company’s assets for more than two years and which is being followed in the investments account, 50% of the income to be obtained from the sale of the land is exempt from corporate tax. The income from the sale of buildings under construction will not be subject to an exemption, in Turkey.
Source: GİB
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