Israelis who have lost real estate investments in the US have also lost to the tax authority

A recent ruling by the Jerusalem District Court states that Israelis who have invested in US real estate projects, some of whom have won and some of whom have lost, will pay tax on profits in Israel - but will not be able to offset losses from some of the projects abroad. This means that even if the bottom line is that projects have a loss - and therefore the rights holders will not pay tax in the US - they will still pay tax in Israel. The ruling deals with incorporation through an entity called LLC, which is the most common way of investing among Israelis in real estate in the United States. This is a hybrid fortification located between a partnership and a limited company. Continue reading…

Israelis who have lost real estate investments in the US have also lost to the tax authority

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