Tama 38 - Is the End Nigh?
With the recent news that “Tama 38” as we know it is coming to an end in October 2022, and with this being such a popular investment theme for our clients in recent years, below we take a quick look at this decision and its ramifications. For those of you who have been asleep the last few years (!), a quick recap. Tama 38 was a plan approved in 2005 to provide a solution for the 100,000 or so buildings in Israel that had been built before 1980, when new construction laws were
Purchase Tax on Israeli Real Estate - 2020
It's time for our annual purchase tax update. Whilst you all know by now that purchase tax on Israeli property is staggered, the property values that the tax rates are applied to are updated on annual basis - in line with inflation Therefore below we give you 2020's figures, which are important to help you budget properly when buying your next home in Israel! The regular caveats apply, which is are to make sure to get advice from a qualified tax adviser/real estate lawyer. Fu