Category: Law & Taxation

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 owners for damage to homes due to wartime actions. How does the mechanism work? And who is responsible for compensating property owners for the contents of the apartment? Read on...

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 to resolving the housing crisis. A reform in the municipal tax structure seeks to encourage residential development and share commercial property tax revenues between municipalities. The planning and building committee...

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, investment outside of Israel, the sale of investment apartments, and a reduction in new development. While the market was slowing down even prior to the legislation process, fear and uncertainty...

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 heartache and struggle, and in each case, a saga could have been avoided — In this article, Buyitinisrael brings to your attention pitfalls to be avoided when purchasing a home...

Every year, during the month of January, Israel Tax Authority publishes new thresholds for Mas Rechisha (Purchase Tax in Israel) according to the Central Bureau of Statistics Home Prices Index for the previous year. The Mas Rechisha or Purchase Tax thresholds are updated annually, in mid-January, with consideration for the Home Prices Index of the...

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 this with the fact that they are still in the grieving process over their loved one, this may create an emotional overload that may prevent this from being taken care...

While a strong wave of interest rate increases sweeping the Western world has led to price declines in the United States, Canada, and New Zealand, the Israeli housing market, in the meantime, is showing resilience and even continuing to become more expensive. Is there something unique about this market, or will it eventually feel the...

About a month ago, a young man lost his life at a pool party after being sucked into a sinkhole that opened beneath the swimming pool. Was this due to bad luck or an unavoidable accident? Not really — pool owners have a lot to do in order to avoid unnecessary disasters – from orderly...

New legislation that protects buyers of new homes from unpredictable price increases of hundreds of thousands of shekels; an increase in interest rates that is expected to moderate the sharp price increases of the past year and a half; and an upturn in the dollar-shekel rate that almost eliminates the price increase of the past...

The Israeli public is livid, following the government’s failure to enact the Metro Law before the dissolution of the Knesset. Despite the fact that its immense importance is undisputed on all sides of the political spectrum, the law has fallen victim to shortsighted and petty political considerations. The urban planning councils are now in a...