Calculation of praise
- Buying an apartment in Israel
Appreciation tax as a direct tax taxes the business result of the seller of the apartment, but does not impose a tax on the actual execution of the transaction without taking into account the economic results of the transaction.
The appreciation tax is the amount by which the sale value exceeds the balance of the purchase value, or, in other words, the appreciation tax will be calculated as the sale value less the balance of the purchase value in keeping within the meaning of the determining real estate tax law. It states that “the appreciation is the amount by which the sale value exceeds the balance of the purchase value within the meaning of section 47”.