When you purchase a real estate in Israel, you have to pay purchase tax.
Ole Hadash is entitled to a purchase tax relief when purchasing a residential property which the Ole purchased for his own use.
This relief can be used only once and only if the property was purchased in the time frame of one year before the Aliya to seven years after the Aliya.
It is worth using this purchase tax relief in three major cases:
The first one if you purchase a property which costs more than 7 million shekels.
The second if you already have a residential property in Israel which you prefer not to sell.
The third if you want to purchase the property before you make the Aliya and before you are considered as an Israeli resident.
We would be happy to assist you with any further information. You are most welcomed to contact us.
