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?
I have been approached many times by people who claim that they have an ancestor who bought land in Eretz Yisrael before Israel became a state. In many instances they possess documentation pertaining to the land. This documentation could be a contract, a deed of purchase or a certificate of
Betterment tax is one of the taxes a seller might need to pay when selling real estate. This being so, the purchaser needs to make sure that the issue of this tax is addressed in the contract. Betterment tax is levied on the owner of real estate when a change
Renting Out Your Apartment You’ve finally invested in real estate in Israel and now you’re ready to earn some money by renting out your apartment. The following tips can help you protect your investment: The rental contract should be drafted by an attorney. It is easy to obtain examples of
Buying from plans means that the apartment exists on paper only. It is not yet built. You don’t see what you are getting unless you have the ability to envision how things would look by looking at the plans. I have written in the past about buying from plans in
The influence of the family unit on real estate taxation By Adv. Etgar Kedem-Kaufman, Adv. Avi Becker and Adv. Nicole Levin The influence of the family unit on real estate taxation is an important point to understand. As a general rule, real estate transactions in Israel are subject to the
What are Transferable Development Rights in Israel? Most cities in Israel have historical buildings, sites and neighborhoods. The law mandates that each municipality do a survey of all its historical sites and buildings in accordance with certain criteria. Did an historic event take place there? Was the building designed by
