Tax on Rental Income in Israel
There is no doubt that one of the major factors driving up Israeli house prices in recent years has been the large volume of real estate purchases by investors - both local and foreign. With the vast majority of these properties being rented out, we thought it would be helpful to take a brief look at the Israeli tax regime on rental income. Before beginning it is important to note that the information below pertains to residential and not commercial real estate. Residential r
Israeli Insurance 101
Whether we like it or not, insurance is a part of everyone’s life. The subject may elicit a host of emotions and connotations, and it is one of the few things that gets bought with the hope that it is never used! Whilst the field of insurance can be complicated in one’s own country, dealing with insurance in a foreign country, with different laws, commercial norms and even language, becomes all the more taxing. Therefore, this month we will give an outline of the three basic
Buying From a Developer in Israel - Part 1
Israel is a growing country. With one of the highest birth-rates in the developed world, as well as ever-present immigration, the need to cater for the growing population fuels a constant need to build new homes. Indeed, insufficient new building is agreed to be one of the main factors, if not the main factor, that has contributed to the large rise in real estate prices in Israel over recent years. For many buyers, both foreign and local, buying in a new development in Israel
The Quirks of Israeli Banking
Getting one's head around the banking system in Israel is no easy feat. Indeed, banking in Israel is so utterly quirky, that one blog will not cover it all, so I am splitting it up in to (at least) two parts. Knowledge of these quirks is important, and will give you the confidence and ability that you need in order to understand the not-always-comprehensible explanations that your banker will attempt to give you. After reading this blog, your Israeli banker will actually be c
