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Latest Updates / Private Clients

December 13, 2023

How to Gain a Tax Credit before the Year’s End

Hanna Daher, a partner in our firm’s Tax Department, was interviewed by Globes, along with a number of other tax experts, about end-of-the-year tax tips . Hanna noted the tax credits that individuals or business owners can obtain if they donated over NIS 200 this year to a public institution.

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September 27, 2023

Married and Common-Law Couples – Division of Property

Unlike the laws applying to married couples in Israel, the “presumption of property sharing” arrangement prescribed in case law for common-law couples does not allow for an unequal division of property. An Israeli Supreme Court ruling clarified this recently and emphasized how important it is for common-law couples to draw up cohabitation agreements.

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August 11, 2022

Everything Foreign Residents Need to Know about Buying an Apartment in Israel

Buying an apartment in Israel can be an excellent transaction for foreign residents, even without lower purchase tax brackets, as long as they know the right way to proceed.

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November 17, 2021

Everything to Know about the Purchase Tax Hike on Israeli Real Estate Investors

Earlier this month, the Israeli Ministry of Finance approved the outline for a hike to the purchase tax imposed on real estate investors, once again, to tax brackets of 8% and 10%. The Ministry of Finance has since updated that the purchase tax hike will take effect on Sunday, November 28. The ministry’s goal with this move is to “dissuade” investors from purchasing investment apartments and lower the demands in the residential housing market.

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May 6, 2021

Prenuptial Agreements - New Israeli Supreme Court Ruling

Up until now, the Israel Tax Authority interpreted the Real Estate Taxation Law so that spouses who signed a prenuptial agreement and maintained separate property were considered a single family unit for the purposes of real estate tax.

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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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May 17, 2020

How to Arrange the Inheritances of Agricultural Farms

If you are the owner of agricultural land, you may find yourself wondering about the future of the family farm after your passing. You should know this is subject to laws, agreements, protocols, and regulations unique to the agricultural sector in general and to land in particular.

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March 25, 2020

Israel Tax Authority Reliefs in Light of Coronavirus Pandemic

In light of the coronavirus pandemic affecting the economic market, the Israel Tax Authority has published several reliefs for taxpayers.

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November 27, 2019

The End of Sanction-Free Voluntary Disclosure

The sanction-free voluntary disclosure procedure will come to a close at the end of 2019. Provided the Israel Tax Authority and the State Attorney’s Office decide not to extend this procedure, this may be the last opportunity to declare and report true income, and accordingly pay true taxes, without the disclosure being subject to criminal sanctions.

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October 2, 2019

World Tax 2020 Edition

We are proud to be ranked by International Tax Review for the 2020 edition of World Tax in the general corporate tax and private clients categories.

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October 2, 2019

Essential Legal Tools for the Period between Life and Death

Guardianship and an enduring power of attorney are two legal tools that allow for the appointment of an individual to take care of another person’s affairs when that person is no longer capable of taking care of him or herself and of managing his or her affairs independently.

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July 31, 2019

Dramatic Decision on the Taxation of Trusts in Israel

The Tel Aviv District Court handed down a decision a few days ago rejecting the Israel Tax Authority’s (ITA) position on the conveyance of real estate properties to trusts. This decision dramatically changes the taxation of trusts in Israel.

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July 28, 2019

Precedential Ruling on Taxation of Real Estate Conveyance to Trusts

Adv. Harel Perlmutter was interviewed by TheMarker following a precedential ruling by the Tel Aviv District Court, which determined that the conveyance of Israeli real estate to a trust is not a tax event. Harel noted that the ruling opens up many interesting ways to plan and manage intergenerational transfers of wealth and real estate, without tax being a negative factor and affecting the process.

Article from The Marker

Article from Globes

January 24, 2019

About Life and a Little Bit about Death

Inheritance disputes can potentially destroy the fabric of family relations. Naturally, the larger the estate left by the deceased, the more complicated and acrimonious the battle over inheritance.

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October 14, 2018

Officers’ Liability in “Spam” Lawsuits

It is not common knowledge that officers of companies who customarily disseminate advertising messages in a manner that constitutes a violation of the Israeli Anti-Spam Law are personally exposed to lawsuits, even to class actions at millions of shekels.

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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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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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April 15, 2018

Executive Compensation in Dual-Listed Israeli Companies

Adv. Micky Barnea, our Managing Partner, was interviewed by Globes on the topic of executive compensation policy in dual-listed Israeli companies.

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April 8, 2018

Law Reducing the Use of Cash

The Knesset recently approved the Law for the Reduction in the Use of Cash. This law imposes bans and restrictions on the making and receiving of payments using cash and checks at the sums therein prescribed.

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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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