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...