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Latest Updates / Real Estate Taxation
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.
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.
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.
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.
January 19, 2017
Important Information about New Tax on Owners of Multiple Apartments
The new law prescribes that, as of January 1, 2017, every taxpayer must pay tax annually (January through December) for every residential apartment that he owns in excess of two apartments, at the sum defined pursuant to the provisions of the law. The taxpayer will be allowed to choose which of his apartments he deems to be his first two apartments, and which shall be taxable under this law.