Real Estate News
On June 22, 2015, the Knesset approved a decision to completely change the tax brackets for purchases of an additional residential apartment in Israel for Israeli residents (including foreign residents purchasing an apartment in Israel) for the next 5 years
Certain updates for 2015 have been made to sums pursuant to the Real-Estate Tax Law and Ordinances as detailed in this article.
עם כניסת שנת המס 2015 בוצעו בהתאם לחוק מיסוי מקרקעין (שבח ורכישה), התשכ"ג-1963, עדכוני סכומים כפי שיפורט להלן
In continuation to the tightening of enforcement from the Israel Tax Authority to detect tax invaders among those who are not reporting their income from apartment rental, here is a short guide intended to introduce you to the legal options for tax payments and tax relief on rental income of residential apartments in Israel.
Mirit Reif, Adv. was interviewed by Philip Stein on Philip Stein and Associates' weekly podcast. The topic of this informative podcast: the major changes in Israeli real estate taxes.
The laws regarding the purchasing and selling of property in Israel went through two major changes in August 2013 and January 2014. This article allows a quick summary of these changes relevant to foreign residents.
On January 1st, 2014, tax reforms made it more difficult for foreign residents to buy a second home in Israel. But a win in a recent court case may change the reforms back to the more favorable conditions.
Buying or selling a home in Israel? We've recently updated our popular "A Quick Guide to Israel Property Tax" to reflect the changes in acquisition (purchase) tax and capital gains tax regulations.
With the start of tax year 2014, certain updates have been made to sums pursuant to the Real-Estate Tax Law and Ordinances
The Minister of Interior Affairs, Mr. Gideon Sa'ar, authorized the city and local councils to charge and collect double Municipality Tax ("Arnona") on homes and apartments that are unoccupied ("Ghost Houses").
The government has approved new legislation to fight real estate price rising. Two provisions apply to individuals who are foreign residents, canceling tax reliefs for single home sale or purchase.
In August 2013, the Israel Tax Authority (ITA) launched a targeted enforcement operation to detect tax evaders among the owners of luxury apartments in Tel Aviv. This operation resulted in the findings of hundreds of thousands of shekels of unreported annual income. Many of these apartment owners were foreign residents who rented out their apartments without reporting the rental income to the ITA.
בקרוב תיכנס לתוקפה רפורמה במיסוי מקרקעין בישראל. הרפורמה במס שבח, המוטל על מכירת מקרקעין בישראל, תיכנס לתוקפה ביום המעבר שחל ביום 1.1.14 (להלן: יום המעבר) והרפורמה במס הרכישה, המוטל על רכישת מקרקעין בישראל, כבר נכנסה לתוקפה ביום 1.8.13.
Most Israelis, at some point in their lives, will sign their names on a real-estate rental contract. Besides the monthly rent itself, the next most common issue for the parties to discuss before signing is which securities the landlord receives from the tenant. There are various types of securities, and in this article we will regard the ones most commonly used in Israel today.
Mazal Tov! After intense research, sleepless nights and constant headaches and worries, you have finally found your dream home. You already had it checked out by an engineer and found its structure stable. There are still additional expenses that should be taken into account, apart from finalizing the price:
During the past few months home owners of houses at the Nofei Aviv project have received letters from the developing company, Aviv, notifying them that the procedure of registering their houses in the Israel Land Registry ("TABU") is about to commence. The letter specifies and explains the course of action that one must take. This led to a lot of confusion among the home owners who were uncertain as to what that procedure meant.
The Government recently approved several changes to the existing tax regulations as part of a new plan to change Israel property tax rates for the next two years. These changes are part of a government effort to increase supply for residential apartments and toenable affordable apartments for those who wanted to buy but could not afford to.
בתקופה האחרונה אנו עדים לעליות מחירים חדות בשוק הדיור, עליות ניתן למצוא בכל אזורי הארץ ללא יוצא מן הכלל. אומדנים של הלשכה לסטטיסטיקה ודו"חות בנק ישראל מדברים על עליות של כ- 20% לשנה באזורים מסוימים ואף יותר מכך!
What's the difference between buying an apartment from a building company as opposed to buying it through an Acquisition Group?