Praise tax amount
- Buying an apartment in Israel
For the purposes of the tax rates and the credits therefrom, the appreciation shall be regarded as part of the taxable income in the tax year in which the contract was signed.
The origin of the expression appreciation tax is an advance on account of income tax.
The law determines the method of calculating appreciation, the allowable deductible expenses, the provisions for determining the day of sale and the value of the sale, and the day of purchase and the value of the apartment sold. The law also stipulates the exemptions and reliefs in the appreciation tax.