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
Is refinancing your mortgage a good idea now? The new Bank of Israel mortgage regulation allows borrowers to take up to 2/3 of their mortgage linked to Prime, which is currently at a historic low rate of 1.6%. Until recently the regulation stated that no more than 1/3 of a
The dollar-shekel rate reached a historic low last week. Most foreigners automatically assume that this will make it more difficult to buy a home in Israel, yet there are several ways to reduce the impact of the exchange rate on a property purchase. Those who buy a new property
Israeli real estate transactions from abroad during the Carona pandemic can be challenging. Government offices are closed in many places and it is difficult to get things done. New international laws restrict the transfer of funds needed to buy and sell real estate. How to navigate these obstructions when buying
Israeli real estate deals v. U.S. real estate deals – what is the difference and why is it important to know? Many people are nervous about entering into real estate transactions in Israel for various reasons. In Israel the real estate transactions are conducted in Hebrew a language they are
Navigating the Israeli real estate maze can be difficult. Most real estate transactions are uncomplicated and easy to complete, but when complications do arise, the dry legalese can suddenly take on a life of its own. It’s then that you’re grateful that your lawyer has read and understood the implications
I have been approached many times by people about inheriting land in Israel. The usual scenario is that their great grand parent purchased land in Israel before it became a state. Sometimes the property is a building and sometimes it is land. Very often people don’t know what they really
10 Important Things to Know When you buy a new home in Israel from a construction company or “on paper” , as they say, you don’t really know how the finished product will look because all you see are the pre-construction plans. You have very little idea how the apartment
By Attorneys Etgar Kedem-Kaufman, Avi Becker and Nicole Levin Sometimes you may be entitled to a Land Appreciation Tax exemption. As detailed in our former article, Land Appreciation Tax (“Mas Shevach” in Hebrew), is a tax levied on a real estate property seller in Israel in accordance with the Land
