First publication (cut and save) Update of purchase tax rates according to the increase of the index in 2017 bio…
First Publication (Cut and Save)
Revision of the purchase tax steps in line with the rise in the index in 2017
On January 16.1.18, 9, the amount of the purchase tax rates was updated, in accordance with the increase rate of the fixed index in section 2(c1963) of the Real Estate Taxation Law (appreciation and purchase), 2017 (hereinafter: "the law") in 15.1.18 published on January 2017, 2.6. The rates are updated once a year in accordance with the provisions of the law. The index increased in XNUMX at a rate of approximately XNUMX%.
The practical meaning of updating the height of the stairs in case of an increase in the index, is a reduction in the amount of purchase tax. That is, the price from which one begins to charge purchase tax has risen. For example, in the case of a single residential apartment - if in 2017 no tax was paid on value up to NIS 1,623,320 from the price of the apartment, then from now on no tax will be paid on value up to NIS 1,664,520 from the price of the apartment.
In case of another dwelling:
If, in 2017, an 8% tax was paid on the portion of the value up to NIS 4,967,445 from the price of the apartment, then at that rate, a portion of the value up to NIS 5,095,570 will be paid.
For the part of the value that exceeds 4,967,445 in 2017 and exceeds NIS 5,095,570 in 2018 - the tax bracket is 10%.
The following are the tax steps for a single-family dwelling from 16.1.18 to 15.1.19:
Pursuant to the provisions of Sections 9 (C 1 C) (3) of the Purchaser of a Single Residential Apartment (in accordance with the definitions in the Law), from 16.1.18 to 15.1.19, a purchase tax will be charged according to the steps below:
On the par value up to NIS 1,664,520 - no tax will be paid;
on the part of the value exceeding 1,664,520 new shekels and up to 1,974,335 new shekels - 3.5%;
on the part of the value exceeding 1,974,335 new shekels and up to 5,093,535 new shekels - 5%;
on the part of the value exceeding 5,093,535 new shekels and up to 16,978,450 new shekels - 8%;
On a par value exceeding NIS 16,978,450 - 10%;
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