Tax on the sale of an apartment in Israel
Apartment sale tax in Israel
The tax on the sale of an apartment in Israel depends on the difference between the purchase price and the sale price of an apartment, while expenses are also taken into account (attorney’s fee, intermediary’s fee, apartment renovation, etc.). At the same time, in the event of a sale, there are also a number of tax benefits, which can go up to full exemption from tax, that are subject to the fulfillment of the conditions determined by laws and various by-laws. Often, the same transaction may be subject to different clauses of the law, and it is very important to choose the best option, especially when taking into account the possibility of subsequent transactions.
Thus, legal analysis and correct tax classification of the transaction can help save considerable amounts. Our firm, specializing in such transactions and carefully examining all changes in the relevant legislation, will ensure that you receive the maximum tax benefits. In many cases, preferential tax rates also apply to transactions in which a foreign citizen is one of the parties.