Israel Real Estate: Mas Rechisha tax on purchasing a home in Israel

In this episode of On the House, Yair Givati, a seasoned legal expert, explores Mas Rechisha, the Israeli purchase tax, and recent amendments affecting Olim (new immigrants). Key topics include purchase tax calculations, when the tax is due, how residency status impacts taxation, single vs. additional home ownership, the impact of VAT (Value Added Tax), and special cases and exemptions.

Specifically, the episode highlights new legislative changes designed to benefit new immigrants and provides practical examples and calculations to help maximize tax benefits. Listeners receive valuable advice on tax planning and learn why consulting a lawyer early in the real estate purchase process is crucial.

For further inquiries, you can reach Yair at yair@givatilaw.co.il.

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We’re here to support your journey to owning property in Israel. For help finding your home or any inquiries, please contact Debbie Goldfischer at debbie@buyitinisrael.com.