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| Yes Im source :) ![]() Join Date: Sep 2006 Location: Israel
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| The purchase tax brackets for homes and farms were updated by 11% because of the rise of the Prices of Dwellings Index in 2008. Ariel Rosenberg The purchase tax brackets for homes and farms were updated by 10.99% on January 16, a change that benefits the public. The basis for the update is the Prices of Dwellings Index published by the Central Bureau of Statistics. The change in the purchase tax brackets reflect the change in this index during most of 2008, although the rise slowed in the final months of the year. A homebuyer who does not own another home will now be exempt from purchase tax up to NIS 1,026,660, up from the previous threshold of NIS 907,700. A homebuyer who does not own another home includes a person who owned a home up to the purchase date that will be sold within 24 months. | |||||||||||
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| SkyScraperLife | ||
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| Premium Member ![]() Join Date: Jan 2007 Location: Petah Tikva, Israel
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| Thanks for the notice. It applies mostly to Gush Dan, because regular homes in other places don't reach 900,000 NIS anyway, but it's interesting to know. | |||||||||||
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