Purchase Tax Levels

Purchase Tax Levels for 2017

Single Residential Apartment or House for Israeli Residents

This is for the purchase of a residential apartment or house when the property purchased is the purchaser’s only apartment in Israel.  This includes a situation where a new apartment or house is purchased instead of the existing one.  Even though the existing property has not been sold yet the tax authorities give the purchaser 24 months to sell his or her existing apartment.

For the portion of the price until 1,623,320 NIS 0%

For the portion of the price from 1,623,320 NIS until 1,925,460 NIS 3.5%

For the portion of the price from 1,925,460 NIS until  4,967,445 NIS 5%

For the portion of the price from 4,967,445 NIS until 16,558,150 NIS 8%

For the remaining portion of the price above 16,558,150 NIS 10%

Additional Residential Apartment (or Foreign Resident)

This is when the Israeli purchaser purchases another apartment or house without selling his or her existing one within 24 months of the purchase on the new property or a foreign resident purchases his/her apartment or house.

For 2017

For the portion of the price until 4,967,445 NIS 8%

For the remaining portion of the price above 4,967,445 NIS 10%

New Olim

This is for new Olim within the first 7 years after making Aliya.  This partial exemption is only given once.

For 2017

For the portion of the price until 1,759,310 NIS 0.5%

For the remaining portion of the price above 1,759,310 NIS 5%