What is the purchase/acquisition tax? Posted on November 3, 2014

Purchase tax is a tax levied on real property according to statutorily set rates. The tax is fixed based on a sliding scale linked to set amounts, meaning that a certain tax rate will apply up to a certain amount, and a higher tax rate will apply to any part of the purchase price in excess of that amount. The tax rate is updated every year on January 16.

Written by

Rosenberg & Co. Law Office, was founded in Israel by a lawyer in Israel Leon Rosenberg, in 1975 the city of Netanya, in 1981 opened a branch in Tel Aviv law firm and notary Rosenberg & Co. Our firm specializes in services related to the following topics: Citizenship and visas, personal status and family law, inheritance, wills and estates, Ministry of Interior, real estate, commercial law, company registration, intellectual property and copyright law and litigation. CONTACT US 24/7!