Moving shoppers grow a tax window to sell old house

Since June 1, the grace period is for acquiring an exemption from the tax on a home buyers increased in 18 months. It follows the expiry of the temporary command to shorten the grace period by which sale of a house can be free to improve the purchase of a new home.

As far as May 31, people who move home can buy a house and pay the rate buying rate for a home only when they are sold at home within eighteen months. The Ministry of Finance and Israeli tax authority plans to provide the temporary command that sets short deadlines, but fails to complete the required law before the command ends. The result is that people buy a new home longer, up to 24 months, sell their home and get the tax relief.

The longer time of grace can be an important benefit. Those who sell their existing at home within the period are given a complete exemption from repairing fixation for a sales price up to 5,008,000. The buying new home has no tax charge up to 1,978,745, and up to 2,347,047,040 the rate is only 3.5%. For someone who is considered to buy an additional house, instead of moving houses, the tax exchange rate is 8% to NIS 6,055,070, and 10% after.

At this stage, it is unclear how long the legislative process makes less, eighteen months of grace grace to be taken by law. It can be one month, two months, or even a year. Meanwhile, anyone who prompts the house has 24 months to sell old house from the date of purchase of new and can still claim tax benefits. The longer grace period did not apply to those who buy their new home before June 1. They are only about eighteen months in which taxes can use a second residence of buyers in a second home.

Published in Globes, Israel News in News – en.globes.co.il – On June 4, 2025.

© Copyright in Globes Publisher Itonut (1983) Ltd., 2025.