Hetel Hashbacha: The complete guide to Israel’s betterment levy
The betterment levy, known in Israel as hetel hashbacha, is one of the only taxes that may actually make you feel quite lucky. This tax...
Category: Law & Taxation
In an attempt to stop the surge in house prices, exemption of capital gains tax for foreign residents to be canceled
A series of tax amendments introduced this month by the Minister of Finance seeks to “release” tens of thousands of apartments from owners who do...
New law could save buyers tens of thousands of shekels when purchasing a new home in Israel
A new bill seeks to cease linking the entire purchase price of a new apartment to the Construction Price Index. Until now, this linkage had...
Capital gains and tax consequences of selling a home in Israel
In a concerted effort to bring down prices in the residential real estate market, the Israeli Government implemented a number of reforms in the last...
Shabbat elevators — laws, costs, and disputes
With the operation of a Shabbat control mode, an elevator will stop automatically on a certain floor and its doors will open, hence allowing users...
Amendments in tax laws intended to increase housing supply in Israel; real estate taxes for foreign residents to be hiked
The Israel Tax Authority issued a memorandum last week that includes a series of amendments to the real estate tax laws, whose stated goal is...
Purchase Tax Update: November 2021
As a result of the ongoing housing crisis and a sharp rise in real estate prices in Israel this year, the Purchase Tax rates for...
Amendment intended to increase residential property tax Arnona by 20% was canceled
In order to incentivize municipalities to increase residential construction, the government recently issued a bill to raise the property tax (arnona) levied by local authorities...
How to measure apartment size in Israel — Committee established to set a national standard
Your real estate asset in Israel may be recorded to be of varying sizes, depending on the assessment institution and the method they might choose...
Buyers can save tens of thousands of shekels in real estate tax when purchasing an apartment for the purpose of Aliyah
Israel’s real estate tax laws allow new immigrants to save a fortune when buying a home in Israel. Buyers may be considered “Israeli residents” for...