Updated Purchase Tax Brackets – 2022

• Below are the updated purchase tax brackets for buyers of a single residential property, effective from January 16, 2022, to January 15, 2023:

1. For the portion of the property’s value up to 1,805,545 ILS – No tax is applied.
2. For the portion exceeding 1,805,545 ILS and up to 2,141,605 ILS – 3.5% tax.
3. For the portion exceeding 2,141,605 ILS and up to 5,525,070 ILS – 5% tax.
4. For the portion exceeding 5,525,070 ILS and up to 18,416,900 ILS – 8% tax.
5. For the portion exceeding 18,416,900 ILS – 10% tax.

• Below are the updated purchase tax brackets for purchasing an additional property (not a primary residence):

1. For the portion of the property’s value up to 5,525,070 ILS – 8% tax.
2. For the portion exceeding 5,525,070 ILS – 10% tax.

📍 For more details, contact:
Anat Harran Luxury Real Estate Consultants & Brokerage
📞 Phone: 052-6595535