What is the realty purchase tax? The tax on a new home is one of the most expensive purchase taxes in Israel. In Hebrew it is known as Mas Richisha. There are different levels of purchase tax for Israeli citizens, new olim (immigrants), or a second home purchase.Here are the current rates for Israeli citizens (until 16 Jan, 2023): Value of the property (in NIS) – fromValue (in NIS)– up...
Buying property in Israel, especially for non-Israelis, has been a struggle in the past few years for a number of reasons: Property values in Israel have gone up. —Times of Israel.The rate of the USD has gone down. At the time I am writing this, the exchange rate is 3.11 NIS to the US Dollar,. 3 years ago, in Jan 2019, the USD was valued at 3.7 NIS.The high purchase taxes. If you the chance to...
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