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...
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!
There is no doubt that one of the major tools that the government has been using to combat rising Israeli real estate prices in the last few years has been the high level of purchase tax for foreign residents and investors alike.
Whilst the actual tax rates do not change on a regular basis - only when the government deems it necessary - the property values that the tax rates ar...