How much purchase tax will you pay when purchasing an apartment?
Single Residential Apartment or House for Israeli Residents for all of 2022
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 1,805,545 NIS – 0%
For the portion of the price from 1,805,545 NIS until 2,141,605 NIS – 3.5%
For the portion of the price from 2,141,605 NIS until 5,525,070 NIS – 5%
For the portion of the price from 5,525,070 NIS until 18,416,900 NIS – 8%
For the remaining portion of the price above 18,416,900 NIS – 10%
Additional Residential Apartment (or Foreign Resident) for all of 2022
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 5,525,070 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 1,902,945 NIS – 0.5%
For the remaining portion of the price above 1,902,945 NIS – 5%