Tax

Guide - Researching past real estate transactions in Jerusalem   Researching past real estate transactions in Jerusalem involves accessing various public records and databases. Here's a detailed guide with specific sources: 1. Israel Land Registry (Tabu) – טאבו The Tabu is the official land registry in Israel, documenting property ownership and transactions. You can obtain a נסח...

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,...

Benefits for New Olim in Jerusalem - Israel Israel has always welcomed new immigrants (Olim), and will continue to do so as long as there are Jewish people who want to come and live here. What's special about Israel's welcome though, is that it comes with many benefits for the new Olim. These benefits offer financial support, discounts, help with learning hebrew, and much much more. Everything to get you...

Rent or buy, what is the best choice? The decision between renting or buying depends on several factors, and there isn't a one-size-fits-all answer. Here are some considerations to help you make an informed choice: Financial Situation: Assess your financial stability and ability to make a down payment on a home. Buying a property typically requires a substantial upfront investment, while...

Why is Israeli property are expensive? Why is Israeli property expensive There are several factors that contribute to the high cost of property in Israel, including Jerusalem: Limited land availability: Israel is a relatively small country with a limited amount of land available for development. This scarcity of land, particularly in desirable areas, can drive up property prices....

The Taxation System in Israel - Emphasis on "Foreign Residents" and "Senior Returning Residents"   The tax method in Israel is the “personal” method. Which means: A person who is considered a "resident of Israel" for tax purposes is required to report his income from all sources of income in Israel and abroad, once a year in his annual report to the Israel Income Tax Authority. A person...