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The purchase tax rate hike to 8% instituted by Moshe Kahlon has been cancelled.

Posted by marks robert on 04/08/2020
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According to the new purchase tax rates, homebuyers, regardless of the number of homes they own, will pay 5% purchase tax on the first NIS 1,292,280 on the price of a property. 6% between NIS 1,292,280 and NIS 3,876,835 and 7% between NIS 3,876,835 and NIS 5,338,290. From there to NIS 17,794,305 the purchase tax rate will be 8% and above that 10%.

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