Purchase Tax

Rights and Responsibilities of Landlords and Tenants in Israel Renting an apartment in Israel is governed by the Tenancy and Borrowing Law, 1971, which outlines the rights and obligations of both landlords and tenants. Properly managing a rental agreement requires understanding the legal framework and ensuring careful drafting and signing of the lease. Landlord’s Rights and...

Considering Buying Land for Construction? Key Information About Land Purchase Tax Land Purchase Tax for Land Designated for Construction Important to Know: When purchasing land where development expenses have not yet been fully paid, the purchase tax (6%) will also apply to the development costs of the land. This could amount to additional costs ranging from thousands to tens of thousands of shekels,...