Latest Updates

November 21, 2024

Israel Tax Authority Issues Executive Order allowing Double Purchase Tax Benefits for Certain Residential Buyers

The Israel Tax Authority (ITA) published a new directive a few days ago that updates the rules for persons classified as disabled, blind, or injured during Israel’s various wars, and families of fallen soldiers.

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October 27, 2024

Extension of Purchase Tax for Investors - Interview with Maya Carmi

The Ministry of Finance intends to extend the purchase tax for investors, currently set at 8%, as part of the Arrangements Law for 2025, which has led to strong opposition from contractors. Attorney Maya Carmi from our firm was interviewed by Yedioth Ahronoth and stated, among other things, that the purpose of freezing the tax rate is to disincentivize investors from purchasing apartments, thereby increasing the supply of available apartments and reducing prices, which would allow young couples and people from lower socio-economic backgrounds to buy homes.

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October 14, 2024

Taxing of apartment purchases in buildings slated for demolition

The district court’s position in its recent ruling in the Ahuzat Allenby Ltd. case has significant implications for investors, developers and private individuals who purchase apartment buildings slated for demolition and are looking to change the zoning of the purchased properties.

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August 27, 2024

Real Estate Taxation: Tax Aspects in Realizing Real Estate Rights

Maya Carmi Lubartovsky, head of our firm’s real estate taxation practice , participated in another episode of the ACC Podcast Series in collaboration with The new episode covers tax aspects of cash transactions, combination transactions, construction services transactions, the tax advantages and disadvantages of different transaction structures, etcetera.

To listen to the first podcast

August 20, 2024

Real Estate Taxation: Key Things to Know When Conducting a Real Estate Transaction in Israel

As an expert in the field of real estate taxation, Adv. Maya Carmi from our firm, is a guest on the ACC podcast series, providing clarity on all aspects related to real estate taxation. The first two podcasts which were uploaded yesterday, focus on capital gains tax and purchase tax.

To listen to the first podcast

To listen to the second podcast

August 4, 2024

Israel: Improved Purchase Tax Benefit for New Immigrants

The amended regulations, expected to come into effect in August 2024, improve the tax benefit track for new immigrants who are purchasing a first residence and are more lenient than the purchase tax track to which every Israeli resident is entitled when purchasing a first residence.

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June 30, 2024

Walla: Maya Carmi Lubartovski Discusses Important Details of Gifting an Apartment

No takebacks, receiving nothing in return, and a cooling-off period—gifting an apartment to a relative offers significant tax advantages. However, it is crucial to fully understand the consequences of this move for both the giver and the recipient of the gift.

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June 16, 2024

Real Estate Taxation Updates: Maya Carmi's Interview with Bizportal

Maya Carmi Lubartovski, the head of our firm's real estate taxation practice, was interviewed by Bizportal about the Israel Tax Authority's planned updates in the real estate taxation field. Among other things, she discussed the consequences of higher purchase tax rates for second apartments and giving apartments as a gift.

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June 2, 2024

Class Action: Depreciation from Apartment Purchase Value

An Israeli court ruled that the Israel Tax Authority overcharged apartment sellers who rented out their apartments under the tax-exempt track up until their sale, by a total of more than ILS 100 million. This ruling has major consequences, since the State treasury will be forced to refund the tax overcharges to the apartment sellers who are part of the relevant class. The Israel Tax Authority is expected to appeal the ruling.

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May 28, 2024

What Are the Tax Aspects of Prenuptial Agreements in Israel?

Signing a prenuptial agreement has a critical impact not only on the division of property upon divorce, but also on the taxes a couple pays during marriage. It is important for couples to understand the economic advantages inherent in signing a prenuptial agreement and draw one up accordingly.

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November 21, 2022

Luxury Apartments in Israel: What Is the Maximum Exemption from Land Appreciation Tax?

The Israel Tax Authority and the Real Estate Tax Appeals Committee disagree on the entitlement to the maximum exemption from land appreciation tax.

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November 7, 2022

Podcast: Adv. Harel Perlmutter Talks Real Estate Taxation on "Kesef Bakir"

Taxation can make or break real estate deals. Harel Perlmutter, head of our firm's Tax Department, talks with Guy Lieberman about tax hitches and opportunities in an interview also published on Globes.

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August 2, 2020

It Is Time to Come Back Home: Investors Can Now Enjoy a Reduced Purchase Tax

Israeli Minister of Finance Israel Katz’s plan to reduce purchase tax for investors has gone into effect. Until now, under plans advanced by the previous Minister of Finance, Moshe Kahlon, for lowering housing prices and pushing investors out of the real estate market, the purchase tax for investors went up from 5% to 8% for an apartment that was not the purchaser's sole apartment.

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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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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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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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February 15, 2018

Tax Authority Defines Rent Earned from Leasing 10 Apartments or more as Business Income

The Israel Tax Authority (ITA) recently published a draft circular for public comment on the issue of classifying residential rent income. The ITA states that, according to its reasoning, income from the leasing of 10 or more apartments should be deemed business income.

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December 19, 2017

Changes in the Taxation of Sales of Residential Apartments

A number of changes in the taxation of residential apartment sales will come into effect on January 2018.

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November 28, 2017

Important Real Estate-Related Legal Decisions in 2017

Adv. Ariel Nadler, head of our firm's Real Estate Department, was interviewed by TheMarker's real estate magazine on the cancellation of the Multiple Housing Taxation Law by the Supreme Court. Ariel commented that regulators will now have to provide a solution to those people who already sold their apartments in order to enjoy the tax benefit that was guaranteed. He also noted that the cancellation will affect apartment owners considering to sell.

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Latest Updates / Real Estate Taxation