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...
Category: Law & Taxation
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...
Regulations drawn up to establish the protocol for transferring a new apartment to the buyer
According to recently drawn up regulations, in order to hand over a new apartment from a contractor to a buyer, electricity and water connections must...
Understanding the real estate agent’s commission agreement
Many homebuyers in Israel, in particular those from overseas who are unfamiliar with the local market, chose to work with real estate agents. Before viewing...
Purchase Tax Update: New thresholds in January 2021
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...
Buying a pre-owned home in Israel: What will our attorney do during the negotiation process?
When purchasing a second-hand home in Israel, it is customary for the purchaser’s attorney to conduct negotiations with the vendor’s attorney by discussion, exchange of...
Arnona: How the Municipal Property Tax in Israel Works
The municipal property tax in Israel, known as “Arnona,” is levied by the local authorities to finance their activities and services. It is calculated according...
Holy Real Estate: What is the status of thousands of apartments built on Church land in Jerusalem?
The Greek Orthodox Church owns hundreds of acres of valuable land in downtown Jerusalem, on which thousands of apartments are built. In the last few...