Real Estate Taxation (Capital Gains and Purchase) Law (Amendment No. 104) Bill
Translated from Hebrew: הצעת מיסוי מקרקעין (שבח ורכישה) (תיקון מס' 104)
TL;DRThe bill anchors purchase tax rates of 8% and 10% on buying residential apartments as a permanent provision, instead of a temporary provision that was in force until the end of 2024.
Translated from Hebrew
What does the bill do?
The bill amends the Real Estate Taxation (Betterment and Purchase) Law so that purchase taxes are imposed on a right in land that constitutes a residential apartment: 8% on a value of up to a certain amount, and 10% on a higher value. The previous arrangement was a temporary provision that was in force until the end of 2024. The bill provides that the amendment will apply to sales made from a certain date, and it applies to buyers of residential apartments, mainly investors making repeated real estate transactions.
The votes on this bill
Coalition 72 seats
Opposition 48 seats
Tap an MK for detailsChanged position between readingsOnly MKs who held a seat on the day of the vote are shown