Real estate taxation · Implementation Instruction
Real Estate Taxation Implementation Instruction No. 3/2024: Regulation 11 of the Purchase Tax Regulations, Updated Guidelines
Summary
The instruction updates the guidelines regarding regulation 11 of the Purchase Tax Regulations, which grants a reduced rate of purchase tax to a disabled person, a blind person, an injured person and a family member of a soldier who fell in action, on the purchase of a right in real estate for their housing, subject to proof of actual residence. Among other things, the relief is also granted to parents who purchase an apartment because of the needs of a disabled minor or a disabled adult who has been declared legally incompetent, with court approval; on the purchase of a single apartment worth up to 2.5 million ₪ there is no tax up to the amount of the exempt bracket and ½ percent above it, and above 2.5 million ₪, ½ percent from the first shekel, and the ½ percent rate may be granted to a person only twice. It is further clarified that the eligibility age of an orphan was raised from 40 to 50 in the amendment of 23.8.23, that common-law partners are both entitled to the relief without a requirement of marriage, and that on the purchase of land the tax difference is frozen and examined after 3 years.
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
- 3/2024
- Publication date
- 5.11.2024
- Topics
- Purchase tax
Official document
Source: The publication on the Israel Tax Authority website (gov.il, Hebrew)
Suggested citation
Israel Tax Authority, Implementation Instruction 3/2024, "Real Estate Taxation Implementation Instruction No. 3/2024: Regulation 11 of the Purchase Tax Regulations, Updated Guidelines" (5.11.2024) [Hebrew]
Calculators on this site
Back to the guidelines databaseSearch the full text of all publications
This information is provided for convenience only and is not legal or tax advice. Check the current official text and the circumstances of the transaction before making a decision. See the terms of use.