Real estate taxation · Implementation Instruction
Real Estate Taxation Implementation Instruction No. 2/2018: Amendment 89 to the Real Estate Taxation Law
Summary
As at the date of its publication (June 2018), the Instruction explains Amendment 89 to the Real Estate Taxation Law, which makes it possible to obtain tax clearance certificates for registration in the land registers before the assessment process has been completed, in sales from 30.5.2018. Three tracks were established: a purchase tax certificate under section 15(i) upon payment of an advance on account of betterment tax, in which the period was shortened from 90 to 60 days; a betterment tax and purchase tax certificate on the sale of a qualifying residential apartment exempt under Chapter Five 1, under section 16(a)(2A), subject to cumulative conditions such as filing the declarations on time and the absence of a future condition; and a track of "compliance with conditions set by the Director" as a temporary provision until 30.4.2020. A certificate issued under these tracks is accompanied by a note registered in the land registers under section 16(g), which does not prevent transactions and is deleted after the Director confirms that the transaction is exempt or that the tax has been paid.
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
- 2/2018
- Publication date
- 25.6.2018
- Topics
- Reporting and procedures, Purchase tax, Betterment tax
- Sections of the Law mentioned
- 90א 9הוא 76 73 49ה 49ב 49ג 49א 49ז
Official document
Source: The publication on the Israel Tax Authority website (gov.il, Hebrew)
Suggested citation
Israel Tax Authority, Implementation Instruction 2/2018, "Real Estate Taxation Implementation Instruction No. 2/2018: Amendment 89 to the Real Estate Taxation Law" (25.6.2018) [Hebrew]
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