Foreign Resident

A will is one of the most personal and significant decisions a person makes in their lifetime. For couples, this decision is sometimes made jointly through a mutual will. This legal instrument enables the planning of transferring assets after death, while preserving family stability and honoring the couple’s shared intentions.

When selling a real estate property in Israel, it is crucial to understand the type of property being sold and its associated tax implications. Specifically, there are significant differences between selling a plot and selling an apartment in terms of eligibility for capital gains tax (CGT) exemptions or reduced linear tax calculations. This article outlines these differences and offers tax planning recommendations to prepare for the sale.

Capital gains tax is levied on the profit generated from the sale of a property, after deducting deductible expenses incurred during its purchase and improvement. If the seller has not retained all receipts and invoices for expenses incurred during construction or renovation, problems may arise. It is possible to engage an experienced real estate appraiser to provide a professional evaluation of the property’s original construction costs for the purpose of CGT calculation.

Preliminary inspections before making a decision to sell a second-hand apartment Before setting off there are some tests that are very important to do even before

To distribute the assets in Israel of a foreign resident (whose center of life is outside of Israel), his heirs must obtain an inheritance order or a probate order (if the non-resident left behind a will) from the Israeli court.

Preliminary inspections before making a decision to sell a second-hand apartment Before setting off there are some tests that are very important to do even before

Samuel, a businessman who made his fortune for many years in one of the African countries, purchased several lands in the …

The “corona era”, which involves a global health and economic crisis, causes many people to consider immigrating to Israel.

When you purchase a real estate in Israel, you have to pay purchase tax. Ole Hadash is entitled to a purchase tax relief…

The question of determining one’s status as an Israeli resident or as a foreign resident is essential both when…

As of January 1, 2014, a nonresident is not entitled to an exemption from capital gains tax (also known as betterment tax or …