Heres how I got two large purchase tax refunds for a client. A few years ago, I represented a woman from the US who purchased two apartments in Israel. The first apartment was purchased in January 2019. The second apartment was purchased a few months later. Before the end of
Historical land contracts have been taking place in the Land of Israel since before Israel became a state. In the case I will write about here, my clients were three Americans, who were the heirs of two brothers whose parents purchased two plots of land in Northern Tel Aviv in
Cancellation of a Real Estate Contract In my 38 plus years as an Israeli real estate attorney I have rarely had the need to enforce the clauses in a real estate sales agreement that deal with the cancellation of the contract. However, this year I unfortunately found myself in that
There is so much to buying an apartment than just the legal side of things. There are so many issues to be decided and then implemented. So here is a list of things that need to be dealt with. The first place to start is finding the right professionals for
When buying an apartment from plans in Israel you cannot know the final price of the apartment. There is the price you are quoted. There is the price in the contract. None of these are the bottom line. Everyone knows there are closing costs in every deal. Those are additional
By Moise Zack, Senior Consultant at First Israel Mortgages Helping clients acquire a good mortgage in Israel often feels like solving a mystery. Dealing with the bureaucratic hurdles from Israeli banks, compliance issues from the Bank of Israel, making sure lawyers and property appraisers are on the same page, there
How do you ensure the quality of the construction of your brand-new apartment? There is no simple answer to this. When purchasing an apartment from a construction company you should find out as much as you can about the construction company. You can even visit other buildings constructed by the
What is Capital Gains Tax? What is Betterment Tax? Capital Gains Tax and Betterment Tax. If you have done a real estate transaction in Israel, you certainly have heard of these two taxes. If you haven’t yet done a real estate transaction in Israel, then you should make your self
I spent the whole day today at the real estate convention in Tel Aviv. The hot topic of discussion was the rising real estate prices. There was a list of very experienced speakers as long as my arm. When asked what they thought the reason for this was many blamed,
Is saving on Purchase tax possible? In every real estate transaction for residential real estate, the purchaser pays “Purchase tax”. The tax is calculated differently depending on the status of the purchaser. Is he a foreign resident? Is he an Israeli resident? Is the apartment being purchased his only apartment?
