News & Analysis as of

Residential Property Owners Israel

Barnea Jaffa Lande & Co.

Significant tax benefits for owners of long-term rental buildings

Owners of buildings designated for long-term rentals are entitled to significant tax benefits that are being granted in order to encourage the construction of buildings that include residential apartments earmarked for...more

Barnea Jaffa Lande & Co.

Israel: Improved Purchase Tax Benefit for New Immigrants

New immigrants to Israel who purchase a first residence will pay significantly lower purchase tax rates than the tax payable according to the current benefit, after the Knesset Finance Committee recently approved an amendment...more

Barnea Jaffa Lande & Co.

Married and Common-Law Couples – Division of Property

The Israeli Supreme Court recently handed down an important ruling addressing the issue of division of property between common-law spouses. Specifically, the ruling changes the “presumption of property sharing” arrangement...more

Barnea Jaffa Lande & Co.

Who Owns the Building Rights?

An Israeli Supreme Court ruling has overturned a district court decision and determined that registering a roof under the ownership of a particular apartment (thereby removing it from the common property) and consenting to...more

Barnea Jaffa Lande & Co.

Buying an Apartment “On Paper” – Caveat Emptor?

In the Supreme Court’s 67-page ruling, the judges explain the liability and responsibility of “on paper” apartment sellers to actively disclose material information about the apartments they sell. The Supreme Court determined...more

Barnea Jaffa Lande & Co.

Modifications to an Apartment at the Purchaser's Request Do Not Constitute Just Cause for Late Delivery of Possession

Barnea Jaffa Lande & Co. on

A recent judgment by the Hadera Magistrate’s Court upends the common view currently reflected in agreements for the purchase of an apartment from a developer. The ruling holds that modifications to an apartment made at a...more

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