Betterment tax is one of the taxes a seller might need to pay when selling real estate. This being so, the purchaser needs to make sure that the issue of this tax is addressed in the contract. Betterment tax is levied on the owner of real estate when a change
What are Transferable Development Rights in Israel? Most cities in Israel have historical buildings, sites and neighborhoods. The law mandates that each municipality do a survey of all its historical sites and buildings in accordance with certain criteria. Did an historic event take place there? Was the building designed by
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
By Adv. Sherri Lerner-Horowitz Zoning and planning issues in Israeli real estate transactions can cause many problems. The following story comes from the desk of an Israeli zoning and planning attorney, Sherri Lerner-Horowitz. The couple sitting opposite me was in their early forties, academics, who had been able to buy
Did you ever wonder how a city came to be? Why was it built in a certain place and in a certain way? Why did it develop? Why didn’t it develop? Like many things we take our cities for granted. However, should we? In 2009, Tel Aviv celebrated its 100th
