Real estate taxation · Implementation Instruction
Real Estate Taxation Implementation Instruction No. 2.2016: Amendment No. 85 and Temporary Provision
Summary
As at the date of its publication (June 2016), the Instruction explains Amendment 85 to the Real Estate Taxation Law and the temporary provision established in it. The temporary provision shortened the period within which a purchaser of a replacement apartment must sell his old apartment, which was his single apartment, in order to benefit from the purchase tax brackets for a single apartment and from the single apartment presumption for the purposes of the exemption from betterment tax; for an apartment purchased from a contractor the period is also counted from the date of delivery, whichever is later. It was further provided that an apartment received by inheritance, in which the seller's or purchaser's share does not exceed one half, will not be counted among the apartments for the purposes of the single apartment exemption and the purchase tax brackets, but such an apartment cannot be sold with an exemption if the seller sold another apartment with an exemption while holding it.
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
- Number
- 2/2016
- Publication date
- 1.6.2016
- Topics
- Single and replacement apartment, Inheritance and gifts, Purchase tax
- Sections of the Law mentioned
- 09ב 09ג 09ד
Related publications
Official document
Source: The publication on the Israel Tax Authority website (gov.il, Hebrew)
Suggested citation
Israel Tax Authority, Implementation Instruction 2/2016, "Real Estate Taxation Implementation Instruction No. 2.2016: Amendment No. 85 and Temporary Provision" (1.6.2016) [Hebrew]
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