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...
Tag: 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: New thresholds in January 2024
Every year, during January, the Israel Tax Authority publishes new thresholds for Mas Rechisha (Purchase Tax) according to the Central Bureau of Statistics Home Price...
The true cost of buying a home in Israel
When clients come to me with a specified budget for buying a new home in Israel, I promptly inform them that they should reduce that...
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...
Despite government measures, housing sales have not slowed down
The Israeli government had hoped that increasing the purchase tax for investors would moderate the demand for apartments and the rise in real estate prices,...
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...
Two months of madness: Israel real estate transactions reach record numbers in October-November
An almost double increase in the number of residential real estate transactions, and a 236% jump in the volume of purchases made by investors, was...
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...
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...