I need some advise in how to go about it declaring your revenue through rent to the tax authorities. I have a unit in Cyprus thats generates revenue, how would I go about it to declare this to adhere to tax laws.

2nd request would be with regards to flipping a unit in Turkey. How would you go about declaring the capital appreciation and profit made on such a investment to pay your Capital gains tax due.

Is this all done through a lawyer???

Thanks for any advise
Chris

The tax situation in Turkey is pretty baffling for non residents. I recently sold on a building plot I had bought a few years previously.

In theory I should have paid 40% tax on almost all of the gain. In reality what hapened was -

- a Turkish friend contacted their "inland revenue" to discuss my individual circumstances and to agree on how little tax I could get away with paying without being investigated (this appears to be pretty much standard practice)

- we worked out what purchase price (based upon the previous false declaration made by the seller whom I purchased off) I would have to declare to pay this amount of tax

- we attended the land registary in person to sign the various papers, while we were doing this my wife and I were kindly offered cups of Turkish tea, for which we paid around £100 (this "tea money" appears to be standard practice and in return no interest is taken in establishing whether or not the declared price is correct)

The actual tax paid worked out at around 10% of the gain.

NB using a solicitor is quite unusual, but you would have to have someone you trust who knows the language and practices.