Heres how I got two large purchase tax refunds for a client. A few years ago, I represented a woman from the US who purchased two apartments in Israel. The first apartment was purchased in January 2019. The second apartment was purchased a few months later. Before the end of
Historical land contracts have been taking place in the Land of Israel since before Israel became a state. In the case I will write about here, my clients were three Americans, who were the heirs of two brothers whose parents purchased two plots of land in Northern Tel Aviv in
When buying an apartment from plans in Israel you cannot know the final price of the apartment. There is the price you are quoted. There is the price in the contract. None of these are the bottom line. Everyone knows there are closing costs in every deal. Those are additional
What is Capital Gains Tax? What is Betterment Tax? Capital Gains Tax and Betterment Tax. If you have done a real estate transaction in Israel, you certainly have heard of these two taxes. If you haven’t yet done a real estate transaction in Israel, then you should make your self
I spent the whole day today at the real estate convention in Tel Aviv. The hot topic of discussion was the rising real estate prices. There was a list of very experienced speakers as long as my arm. When asked what they thought the reason for this was many blamed,
Is saving on Purchase tax possible? In every real estate transaction for residential real estate, the purchaser pays “Purchase tax”. The tax is calculated differently depending on the status of the purchaser. Is he a foreign resident? Is he an Israeli resident? Is the apartment being purchased his only apartment?
Israeli Real Estate Transactions Verses English Real Estate Transactions is an important area to learn if you intend to do business in either or both jurisdictions. Many people are nervous about entering into Real Estate transactions in Israel for many reasons. In Israel the real estate transactions are conducted in
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
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
