What is Incidental Gain?
According to the Income Tax Law, income from non-permanent businesses is called incidental income. This concept covers many situations and its content is explained in detail in article 82 of the Income Tax Law.
It is a legal obligation for those who are subject to income tax as a result of non-permanent income to pay their taxes. Activities that can be included in the scope of incidental income are given below, simplified and itemized. For detailed scope and original texts, article 82 of the Income Tax Law published on the official pages can be examined:
- Income from temporary business activities or from intermediation in these activities
- Commercial or agricultural business ceases to operate or never begins to operate; Income from non-participation in tenders, auctions and reductions
- Revenues from the evacuation of real estate and compensations received in return for the transfer of the right of tenancy
- Income after the cessation of taxable businesses
The law on incidental gain covers many situations. Incidental earnings below the determined amount each year are not subject to income tax. Taxpayers whose non-permanent earnings are more than this amount have to make tax payments to the necessary institutions.
