Legislation update: Lower than ever Purchase Tax for those making Aliyah
The Knesset Finance Committee approved an amendment to the regulations for real estate taxation yesterday, resulting in an increased ceiling of the reduced purchase tax...
Category: Law & Taxation
Law to install electric vehicle charging stations without consent of neighbors approved on first reading
According to the proposal formulated by the Ministry of Justice and submitted by Minister Levin, a charging station can be connected to an apartment’s electricity...
Government proposes reduced Purchase Tax for new immigrants
According to the joint initiative of the Ministries of Finance and Absorption, immigrants who purchase a home in Israel will be exempt from Purchase Tax...
Ministry of Finance intends to significantly increase Israel real estate tax for investors and foreign buyers
Two legislative amendments in the field of Israel real estate tax do not bode well for investors and foreign residents. Firstly, the Ministry of Finance...
Purchase Tax Update, August 2024
Every year, in mid-January, the Israel Tax Authority publishes new thresholds for Mas Rechisha (Purchase Tax) according to the previous year’s Central Bureau of Statistics Home...
Tax Authority to compensate for damage incurred to homes during Operation Shield and Arrow
Along with the physical and psychological wounds, hundreds of assets were damaged during Operation Shield and Arrow. The Tax Authority is responsible for compensating property...
Municipal tax reform rouses strong opposition among municipalities
A distortion in the current property tax system creates a negative incentive for municipalities to build apartments and is considered one of the main obstacles...
The effect of the judicial reform bill on the Israeli real estate market
As societal tensions grow over the judicial reform bill, the impact has not sidestepped the Israeli real estate market, with a drop in home purchases,...
One simple move before signing on a real estate transaction in Israel that can save a lot of heartache and aggravation
Two recent rulings dealt with serious deception in residential real estate transactions in Israel. Although the homebuyers finally received compensation, it took many years of...
Order of Probate — what to do when you receive a property inheritance in Israel
When a property inheritance is received in Israel, the heirs are often overwhelmed and fearful that the process of transferring ownership will be difficult. Combine...