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...
Category: Law & Taxation
Following the swimming pool tragedy in Karmei Yosef: How do you know if a swimming pool is safe?
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...
Gamechanger for the Israeli real estate market: Limited linkage to construction cost index; rising interest rates; and a stronger dollar
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...
Stagnation, chaos, and skyrocketing home prices: The implications of the Knesset’s refusal to enact the Metro Law
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...
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...
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...