Real estate taxation · Circulars and Procedures
Professional Circular No. 02/2024 (Real Estate Taxation). Subject: Legislative Amendments, the Arrangements Law
Summary
Professional Circular 02/2024 sets out amendments to the Real Estate Taxation Law made under the Arrangements Law published on 31.5.2023. Among other things: from 1.1.24 a "shell apartment" is deemed a residential apartment for purchase tax purposes only (section 9); cancellation of the beneficial linear calculation, under certain conditions, for an apartment whose construction was completed after 31.12.2030; a graduated temporary provision from 1.6.23 to 31.12.27 for the sale of land purchased before 7.11.2001 for the construction of at least 8 housing units. It also provides for shortening the period for selling the old apartment of home upgraders from 24 to 18 months (sections 9(c1c)(2)(b) and 49C(1)), in force from 1.6.23 for two years, and authorisation to prescribe online reporting under section 76A.
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
- Circulars and Procedures
- Number
- 02/2024
- Publication date
- 29.12.2024
- Topics
- Purchase tax, Betterment tax, Single and replacement apartment
- Sections of the Law mentioned
- 9 48א 50 49ג
Related publications
Official document
Source: The publication on the Israel Tax Authority website (gov.il, Hebrew)
Suggested citation
Israel Tax Authority, Circulars and Procedures 02/2024, "Professional Circular No. 02/2024 (Real Estate Taxation). Subject: Legislative Amendments, the Arrangements Law" (29.12.2024) [Hebrew]
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