Real estate taxation · Implementation Instruction
Change in the Purchase Tax Brackets for Purchasers of an Additional Residential Apartment: Supplement No. 1 to Real Estate Taxation Implementation Instruction No. 1/2021
Summary
As at the date of its publication, the supplement explains that within Amendment 98 to the Real Estate Taxation Law, the purchase tax brackets were changed on the purchase of a residential apartment that is not the purchaser's single apartment. Under section 9(c1f) of the Law, as a temporary provision, on such purchases, and on purchases by foreign residents and by a person who is not an individual, from 28.11.21, the tax is 8% on the portion of the value up to 5,348,565 ₪ and 10% on the portion exceeding it, in amounts set until 15.1.2022 that will be updated under section 9(c2). It was further noted that at this stage there is no change in the brackets for a purchaser of a single apartment.
The summary was written by the office and reflects the instruction as of its publication date. The binding text is the official Hebrew publication, and the instruction may have been updated or affected by later legislation and case law. The English title and summary are an unofficial translation.
Publication details
- Type
- Implementation Instruction
- Publication date
- 28.11.2021
- Topics
- Purchase tax, Annual amounts update
Related publications
Official document
Source: The publication on the Israel Tax Authority website (gov.il, Hebrew)
Suggested citation
Israel Tax Authority, Implementation Instruction, "Change in the Purchase Tax Brackets for Purchasers of an Additional Residential Apartment: Supplement No. 1 to Real Estate Taxation Implementation Instruction No. 1/2021" (28.11.2021) [Hebrew]
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