Territory of the praise tax charge
- Buying an apartment in Israel
Appreciation tax is imposed on capital gains generated by the seller due to the sale of his apartment in Israel. The tax applies to Israeli and/or Jewish citizens who sell a residential apartment in Judea and Samaria, as well as to the Golan Heights area (Golan Heights Law).
The same applies to a foreign resident who sold a residential apartment in Israel. Appreciation tax will not apply to real estate transactions of an Israeli resident that have been made abroad.
In this case, capital gains tax will apply in accordance with the Income Tax Ordinance.