Further changes to slices of charges on the fee schedule of acquisition
Here is the new tax brackets for the purchase of real estate starting from 16/01/2016 until the 15/01/2017:
The Israeli State has changes the scale with a small increase in levels as indicated in the table below in favour of the purchaser.
Below you will find the new tables of charges :
a. Practiced on a first housing apartment by an Israeli resident tax rate.
| Value of the property | Acquisition fee |
| 0 to 1.600.175 NIS | 0% |
| 1.600.175 NIS to 1.898.005 NIS | 3,5% |
| 1.898.005 NIS to 4.896.605 NIS | 5% |
| 4.896.605 NIS to 16.3223055 NIS | 8% |
| Beyond 16.322.055 NIS | 10% |
It should be noted : The amount payable is calculated by bracket.
b. Tax rates practiced on a second apartment house by a resident of israel or a foreign resident for any acquisition.
| Value of the property | Acquisition fee |
| 0 to 4.896.605 NIS | 8% |
| Beyond 4.896.605 NIS | 10% |
It should be noted : The amount payable is calculated by bracket.
Galit Zamir, Lawyer at the bar of Israel
