How much purchase tax will you pay when purchasing an apartment?
Single Residential Apartment or House for Israeli Residents for all of 2023
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 1,919,155 NIS – 0%
For the portion of the price from 1,919,156 NIS until 2,276,360 NIS – 3.5%
For the portion of the price from 2,276,360 NIS until 5,872,725 NIS – 5%
For the portion of the price from 5,872,726 NIS until 19,575,755 NIS – 8%
For the remaining portion of the price above 19,575,756 NIS – 10%
Additional Residential Apartment (or Foreign Resident) for all of 2023
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 5,872,725 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 1,928,220 NIS – 0.5%
For the remaining portion of the price above 1,928,220 NIS – 5%