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Anna Tsabari

Tax Lawyer

Anna Tsabari

Anna Tsabari is a Partner at Ampeli, a professional services firm based in Israel. According to her LinkedIn profile, she is an experienced tax lawyer with a demonstrated history of providing services to foreign investors, entrepreneurs, crypto investors and private clients.1

Highlights

Aug 22 · linkedin

🏡 🏘 Key Updates for New Immigrants (Olim Hadashim) Purchasing Property in Israel

Previously, in addition to the standard preferential rates for a single apartment, olim hadashim (not returning residents) were entitled to a special benefit under Article 12 of the Real Estate Taxation Regulations when purchasing residential or commercial property.

This benefit set the purchase tax at 0.5% of the property value up to the first threshold (approximately 2 million nis) and 5% above that. The benefit also applied if the oleh hadash already owned another apartment in Israel, provided the new purchase was intended for personal residence.

🟥 On August 12, 2024, an amendment to Article 12 was published: The previous benefit will now only apply to the purchase of commercial property for business purposes, including agricultural property used for the oleh hadash's or their relative's business. It will no longer apply to residential apartments.

👉 As a result, tax planning for the purchase of two apartments in Israel by olim hadashim arriving after August 15, 2024, is no longer feasible.

🟦 Good news: A new Article 12A has been introduced, offering a more attractive benefit for olim hadashim purchasing a single apartment (with a cap of 20,183,565 shekels):

● 0% tax on the first 1,978,745 nis ● 0.5% tax on the value between 1,978,745 and 6,055,070 nis ● Standard single apartment tax rates (8-10%) on any value above 6,055,070 nis

Important points to note: 🔹This benefit applies to the purchase of a single residential apartment from one year before aliyah up to seven years after. 🔹While this benefit can only be used once, it can be combined with the Article 12 benefit for commercial property purchases. 🔹These changes take effect for transactions from August 15, 2024, onwards. 🔹Olim hadashim who arrived before August 15, 2024, can opt to use the old benefit for more advantageous planning when purchasing two apartments.

Aug 19 · linkedin

🚨 Important Tax Update for New Immigrants and Returning Residents to Israel

Are you considering making Aliyah or returning to Israel? A significant tax law change may affect your plans.

Key points of Amendment No. 272 to the Israeli Tax Ordinance:

✅ Cancels 10-year reporting exemption on foreign income for new immigrants and returning residents - takes effect from January 1, 2026. ✅ 10-year tax exemption on foreign income remains intact. ✅ Grants broader powers to tax inspectors.

What does this mean for you? 👉 If you arrive before Jan 1, 2026: You can still benefit from the reporting exemption 👉 If you arrive after: You must report all worldwide income, even if tax-exempt

Planning is crucial. Consider accelerating your move or seeking professional tax advice.

Want to learn more? I've written a detailed article on this topic. Comment below or DM me for more information.

#IsraeliTaxLaw #Aliyah #ReturningResidents #TaxPlanning #Immigration

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Anna Tsabari
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Location

Israel