Latest Updates

December 23, 2018

Israel Tax Authority Issues New Rules for Recognizing Property Betterment Expenses

The Law for Reducing the Use of Cash, which is scheduled to come into effect on January 1, 2019, will have a significant impact on the real-estate sector.

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November 25, 2018

Israel Threatens to Tax Airbnb for Delisting West Bank Rentals

Adv. Harel Perlmutter was interviewed by Bloomberg BNA following Airbnb's decision to remove listings in the West Bank.

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October 29, 2018

Buying an Apartment in an NOP 38/1 Urban Renewal Project? These New Regulations Are for You

The Ministry of Construction and Housing recently published a memorandum of law that prescribes a payment schedule for the first time that is specifically defined for urban renewal projects involving the addition of new apartments to existing buildings.

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October 25, 2018

New Court Ruling Prohibits Short-Term Apartment Rentals

The Supervisor of Land Registration at the Ministry of Justice accepted a lawsuit filed by the housing committee of a condominium building in Tel Aviv and forbade one of the apartment owners from using his apartment for short-terms rentals (Airbnb, Booking).

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October 24, 2018

Are Short-Term Property Rentals Legal?

Adv. Ariel Nadler, Head of the Real Estate Department, was interviewed on a financial radio program at the Public Broadcasting Corporation about the possibility of property owners and sub-tenants renting out apartments for the duration of the Eurovision Song Contest (starting at min' 44).

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October 24, 2018

Can You Prevent Neighbors from Renting Out Apartments on Airbnb?

Adv. Ariel Nadler was interviewed by CalcalistTV on the decision by the Supervisor of Land Registration at the Ministry of Justice to forbid an apartment owner in a building in Tel Aviv from using his apartment for short-terms rentals (Airbnb, Booking).

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October 15, 2018

A Building without a Building Permit Cannot Perform Urban Renewal under TAMA 38/2

The Tel Aviv District Court, presiding as an Administrative Court, rejected a petition filed against the District Appeals Committee for Planning and Construction and held that a structure that has not received a building permit cannot execute a TAMA 38 project. Per the court, the desire to reinforce buildings for risk of earthquakes is not intended to cure construction non-compliance and is not designed to "launder" buildings constructed without a permit

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October 4, 2018

All You Need to Know about Receiving Brokerage Fees in a Transaction

Here are a few rules of thumb to make it easier for you to receive the brokerage fee payment and to make it harder for your clients to evade such payment.

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September 20, 2018

May It Be Renewed – Amendment to the Evacuation and Construction Law

The residential real estate market in Israel has been subject to drastic changes for some months. After years of a steady sharp uptrend in apartment prices, the number of real estate transactions has diminished, and apartment prices in most regions in Israel have either stabilized or dipped slightly.

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September 6, 2018

What to Know before Signing a Contractor's Purchase Application

In most projects, the marketers/contractors/developers customarily require potential apartment buyers to sign a purchase application/proposal form. Read through these five points before signing.

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September 6, 2018

"Mechir Lamishtaken" Lottery Deemed Illegal

Our Head of the Internet Department, was interviewed by TheMarker about the lottery mechanism of the "Mechir Lamishtaken" plan. The mechanism was deemed illegal after it was discovered a permit was not obtained as required under Israel's Penal Code.

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August 29, 2018

Have You Ever Paid Betterment Tax or Purchase Tax? You May Be Eligible for a Rebate

The Israel Tax Authority (ITA) recently launched an application that allows anyone who previously executed a real-estate transaction to check whether he or she has a credit balance in respect of an overpayment of betterment tax or purchase tax.

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August 16, 2018

What to Know When Purchasing or Renting Out Property in Israel

Purchasing property is Israel is a complex process, especially for non-residents. Its important to consider what type of property you want to buy, as well as to be aware of the multiple steps involved, including engaging an attorney, conducting negotiations, and paying the purchase price and accompanying taxes.

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July 25, 2018

Approved Draft Bill Amends Planning and Building Law – Exemption from Land Betterment Tax

In July 2018, the Israeli Knesset approved a draft bill in a second and third reading that addresses the obligation of apartment owners seeking to sell a property as a result of a general outline plan to pay land betterment tax.

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June 21, 2018

PropTech – Transformation of the Real Estate Market

Major, long-established players in the real estate market have joined forces with young companies and entrepreneurs with the objective of resolving the many challenges inherent in the field of real estate transactions.

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May 30, 2018

Israel Proposes Personal Stock Investment Accounts with Tax Perks

Dr. Zvi Gabbay was interviewed by Bloomberg BNA regarding a new bill, according to which anyone who sells his apartment is entitled to open a special investment account that will benefit from deferring payment of tax on capital gains.

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May 27, 2018

Barnea Representing Yad Hanna in Agreement to Lease and Construct Logistics Center for Diplomat

Our firm is representing Yad Hanna in a long-term lease agreement of 30 dunams in its industrial zone for the construction of Diplomat's new logistics center. The construction is valued at NIS 230 million.

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May 2, 2018

Israeli Supreme Court Ruling: Property Buyer Required to Pay Betterment Tax if Seller Is Incapable Due to Insolvency Proceedings

According to a ruling handed down recently by the Israeli Supreme Court, when a real estate asset is sold before the seller enters bankruptcy proceedings, and the seller has not paid the betterment tax, the local council is not obligated to grant the buyer approval for registering the property under his name. Thus, the buyer will be required to pay the betterment tax.

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March 30, 2018

Israel Wants to Be First Country to Collect Tax Via Airbnb

Harel Perlmutter, Head of our Tax Department, was interviewed by Bloomberg BNA following the announcement of Israel's plans to tax Airbnb hosts directly through the service’s website.

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March 7, 2018

Purchasing Apartments through TAMA 38 Projects

If you are interested in purchasing an apartment from a contractor through a TAMA 38 project, you should know that the process is completely different from purchasing a new apartment from a contractor or the purchase of a secondhand apartment.

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