Purchase Tax Levels
How much purchase tax will you pay when purchasing an apartment?
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 18 months to sell his or her existing apartment.
For the portion of the price until 1,744,505 NIS – 0%
For the portion of the price from 1,744,505 NIS until 2,069,205 NIS – 3.5%
For the portion of the price from 2,069,205 NIS until 5,338,290 NIS – 5%
For the portion of the price from 5,338,290 NIS until 17,794,305 NIS – 8%
For the remaining portion of the price above 17,794,305 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 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 until 5,340,425 NIS – 8%
For the remaining portion of the price above 5,340,425 NIS – 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 1,838,615 NIS – 0.5%
For the remaining portion of the price above 1,838,615 NIS – 5%