Purchase Tax Levels
How much purchase tax will you pay when purchasing an apartment?
Single Residential Apartment or House for Israeli Residents for all of 2021
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 18 months to sell his or her existing apartment.
For the portion of the price until 1,747,865 NIS – 0%
For the portion of the price from 1,747,865 NIS until 2,073,190 NIS – 3.5%
For the portion of the price from 2,073,190 NIS until 5,348,565 NIS – 5%
For the portion of the price from 5,348,565 NIS until 17,828,555 NIS – 8%
For the remaining portion of the price above 17,828,555 NIS – 10%
Additional Residential Apartment (or Foreign Resident) for all of 2021
This is when the Israeli purchaser purchases another apartment or house without selling his or her existing one within 18 months of the purchase on the new property or a foreign resident purchases his/her apartment or house.
For the portion of the price up to 5,348,565 NIS – 8%
For the remaining portion of the price above this – 10%
This is for new Olim within the first 7 years after making Aliya. This partial exemption is only given once.
For the portion of the price until 1,842,155 NIS – 0.5%
For the remaining portion of the price above 1,842,155 NIS – 5%