Appreciation Tax
Capital gains tax on real estate is a tax imposed on profit resulting from the sale of real estate in Israel.
As of January 2014, sellers of real estate pay a 25% capital gains tax on any profit received from the sale of the property. The tax does not apply to a profit for the seller of his only residential apartment.
The list of real estate assets includes: an apartment, shops, lots and commercial properties that were purchased or inherited.
If you have paid capital gains tax in the last 6 years, it is recommended that you do a tax refund check because there is a good chance that a portion of the capital gains tax paid can be returned.
The capital gains tax refund is created by combining the taxpayer’s annual reports, which are the responsibility of the IRS for the payment made as part of the capital gains tax for real estate taxation.
Therefore, in order to receive a maximum tax refund, you should hire a professional expert.
We at PinCo have a lot of experience in making tax returns and we will be happy to be at your service.
Important Information!
You have the option to receive a tax refund on the capital gains tax on real estate paid through the following procedures:
*Use of credit points and personal exemptions to offset the capital gains tax.
*Dividing of capital gains tax between the spouses (sometimes, even if an assessment conducted is registered in the name of only one of them).
Use of exemptions, offsets, general discounts and spreading the capital gains tax.
*Capital gains tax on real estate offset according to the marginal tax.
*Capital gains tax on real estate offset against losses in the Capital market and business losses.
