חוק מיסוי מקרקעין (שבח ורכישה) (תיקון מס' 85 והוראת שעה), התשע"ו-2016Law on Taxation of Real Estate (Appreciation and Acquisition) (Amendment No. 85 and temporary provision), 2016 · automatic translation · suggest a correction

Official summary of the law (Knesset)

The Land Taxation (Appreciation and Acquisition) Law (Amendment No. 85 and temporary provision), 2016 (hereinafter - the Amendment), was passed in second and third reading on 29 March 2016. The Amendment shortened, by temporary provision for five years (from 1 May 2015), the period entitling exemption from acquisition tax from two years to a year and a half for a purchaser of a single apartment who wishes to replace it with another apartment. The Amendment further establishes equivalences between the time periods specified regarding a single residential apartment in acquisition tax and in appreciation tax, both during the period of the temporary provision and thereafter. This arrangement will take effect on 1 January [sic] in May 2016. The Amendment also raised the share of an heir of a residential apartment from up to a third to up to half regarding the presumption of a single residential apartment.

automatic translation · suggest a correction