You found the place to get up-to-date information, tools, and advice for helping you make sound decisions throughout the process of buying, building and maintaining a home in Israel. All this is brought to you by our editor, professional in-house staff and selected experts in their respective fields.
Purchase tax in Israel: New thresholds in 2020
Israel Tax Authority has published new thresholds for Mas Rechisha according to the Central Bureau of Statistics Prices of Dwellings Index for 2019. Mas Rechisha is an acquisition tax, or purchase tax, that a buyer is obligated to pay upon purchasing real estate in Israel. Once a contract is signed, a self-assessment must be filed with the Israel tax authorities, and paid in full, within 60 days. Read more
UK Residents Buying Property in Israel — important factors to bear in mind
The following article concentrates on the obligations of a UK tax-payer when buying a property in Israel and focuses on some of the issues to be considered from a UK perspective. Any UK resident buying property abroad remains exposed to UK tax on that property. This may include UK Income Tax on rental income, UK... Read more
Investing in real estate in Israel — tax implications for Americans
Americans wishing to invest in residential real estate in Israel should consider both the US and the Israeli tax implications of their investment. While Israel imposes different taxes on foreign investment in Israeli real estate, the US has a policy of taxing its citizens on worldwide income and reserves the right to disregard most provisions... Read more
Urban Renewal in Israel — Part 2: “Tama 38”
Israel is located on a seismically-active fault line known as the Syrian African Rift and the possibility of earthquakes of high magnitudes pose a threat to millions of people and their property – in the region. To experts in the field, it is not a question of will there be an earthquake, but rather when... Read more
Capital gains tax in Israel: Understanding the recent changes in mas shevach
In a concerted effort to bring down prices in the residential real estate market, the Israeli Government has recently implemented a number of reforms in the regulations connected to real estate transaction taxes (purchase tax and capital gains tax in Israel). While most professionals in the field would agree that the reforms have not achieved... Read more
VAT in Israel lowered to 17%—good news for homebuyers
As the government decided yesterday to lower the value-added-tax rate (VAT) in Israel by 1% from 18% to 17%, local and overseas homebuyers in the process of planning to purchase a new apartment in Israel are able to moderately reduce some of the cost involved. When buying a property in Israel, VAT is included in the price of... Read more