Succession Order for Holocaust Victim Assets

The Company for Location and Restitution of Holocaust Victims’ Assets (“Hashava”) Prior to the Second World War, many European Jews acquired real estate in Israel, then under British rule. Others deposited funds in pre-Israel banks, and some purchased securities (stocks, bonds) of pre-Israel companies. Many of those people were subsequently killed in the Holocaust. Often, their […]

Tax Refund on Israeli Real Estate Transactions to Foreign Residents

Upon sale of real property in Israel, the State of Israel imposes on the seller “betterment tax” (in Hebrew, “Mas Shevach”), under the Israeli Land Taxation Law (Betterment and Purchase) of 1963. This tax, a kind of capital gain tax, is computed based on the increase in the value of the land between the purchase […]