Define the tax application
- Buying an apartment in Israel
A ‘taxpayer’ is defined as the legal entity to which the duty to pay the tax applies (this implies that since the tax is personal, the tax imposed on the wrong body is not valid.).
The executor or receiver who sells a residential apartment will be subject to the tax obligations of the rights holders in the residential apartment, i.e., the heirs or the bankrupt, and not the administrator of the estate or the receiver.
This matter is significant when the heirs seek to use the exemption from paying appreciation tax in another apartment they own, or in the event that someone who is bankrupt seeks not to use the exemption to which he is entitled in the sale of the apartment.