Lawyer for Real Estate Taxation in Israel

AN EXPERT LAWYER FOR REAL ESTATE TAXATION IN ISRAEL
Anyone who has previously sold or purchased an apartment or other real estate property is aware of the fact that they will have to pay a tax called real estate tax. Real estate tax is divided into two parts: praise tax for the seller and purchase tax for the buyer. In order to understand the subject of taxation, it is important to consult with an experienced real estate lawyer who is knowledgeable in the area that you require services in. The services of a real estate tax attorney will help you carry our proper and professional tax planning, and find solutions to your problems.
WHAT DO THE SERVICES OF A REAL ESTATE TAX ATTORNEY INCLUDE AND WHY ARE THEY IMPORTANT?
A lawyer who specializes in real estate and real estate taxation will help you reduce the tax on the transaction whether it is a purchase or sale, and in some cases, you will be able to be granted a full tax exemption from paying said tax. Accompaniment and advice given by a professional is essential because when it comes to real estate taxation, everyone will be required to pay a different amount of tax on the apartment depending on several parameters: the date of purchase of the apartment, the cost of the apartment and various renovations if made in the apartment and more.
WHAT ISSUES DOES A REAL ESTATE TAX LAWYER DEAL WITH?
A real estate attorney handles the following issues:
• Ownership check: This is important before making a real estate transaction and includes a number of checks: is the apartment offered for sale actually registered with the Israel Land Administration? There exist situations where the name and registration of the apartment is still under the name of the previous owner, the seller is obligated to complete the process.
PRELIMINARY ADVICE AND TAX PLANNING
Receiving advice on all the various aspects on the tax side of real estate transactions is the key to a successful, profitable, and lucrative transaction. It is important to carefully consider all the components of the transaction well in advance to the transaction itself. Before you choose the taxation route that is suitable for your case, you must examine all of the options and details. This is an important tool and an integral part of the decision making process on whether or not to sign a real estate transaction.
CHANGES AND UPDATES IN THE REAL ESTATE TAX LAW
The sellers and buyers in the in the real estate market have become aware of the many changes and the various restrictions that have taken place under the new legislation:
• Restriction on the use of exemptions when selling a residential apartment that is a qualifying apartment.
• Raising purchase tax brackets.
• The indication of the method of calculating tax in a linear method.
• Determination of the transitional provisions for the implementation of the amendments in the law.
• Apply changes related to cooling periods.
• Imposition of additional restrictions on real estate transfer transactions that were previously tax-exempt.
• Creating and determining a tax calculation basis for non-residents and returning residents.
• Changes regarding allotments and transfers in real estate associations.
IMPORTANT TIPS BEFORE MAKING A REAL ESTATE TRANSACTION
Iron Law - Before you sign a contract in the amount of millions of shekels, it is important and mandatory that you consult with a recommended real estate lawyer. A real estate taxation attorney has knowledge and expertise in all the complexities associated with various real estate and real estate transactions and transactions: construction, purchase, sale, rental, purchasing groups, dealing with developers and contractors and more. Legal assistance in the field of real estate taxation helps people who do not understand and are familiar with the subject and field of real estate taxation to make a transaction in a clean and smooth manner and avoid mistakes and high taxation.
A LEADING AND PROFESSIONAL LAW FIRM AND NOTARY IN THE FIELD OF REAL ESTATE
Law firm and notary Shimon Hahn provides professional legal services in a variety of areas in civil-commercial law, including: real estate law, real estate transactions, real estate taxation, inheritances and wills, enforcement proceedings and more. The firm's staff includes leading and skilled lawyers who will accompany you all the way and provide You with a complete answer to every problem and issue related to the world of real estate and real estate transactions. We are at your service and we will be happy to cooperate and represent you with the tax authorities in order to complete your transaction in the smoothest way, while reducing the amount of tax you will have to pay by realizing and utilizing various benefits and discounts due to the law and preventing mistakes that may cost you dearly.
FOR MORE INFORMATION CLICK HERE www.hahn-law.c...