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Israel Publishes Updated Real Estate Acquisition Tax Brackets/Rates for 2020

|Approved Changes|Israel
Israel

Israel has published a notice on updated real estate acquisition tax brackets/rates for 2020. For non-individuals (and individuals not acquiring a single dwelling) the brackets/rates are as follows:

  • up to ILS 5,340,425 - 8%
  • over ILS 5,340,425 - 10%

For individuals acquiring a single residential dwelling, more progressive rates apply that range from 0% up to 10% where the price exceeds ILS 1…

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