Shlomi Heisler, Director General of the Ministry of Finance/Neo Media
The conference of the Real Estate Center in Eilat in collaboration with Real Estate Media continued to be stormy even on its last day. Director General of Finance Shlomi Heisler goes against the words of Tax Authority Director Shay Aharonovitch yesterday, who announced that the authority is preparing to return a third apartment tax already in the upcoming budget, and said that "returning a third apartment tax unequivocally is not on the agenda",
according to Heisler, "definitely". I requested to make substantial changes in the tax structure in Israel within the framework of the 2025 budget. Not necessarily in the direction of real estate taxation, but taxation that will encourage growth. As part of the Treasury discussion, one of the proposals was to return the third apartment tax. And I say unequivocally - it is not on the agenda nor promoted. want to calm down Keeping more investors out of the market is wrong."
We will remind you that the third apartment tax is a tax that was promoted by the Ministry of Finance in 2016 and was even approved by the government, during the time of former Finance Minister Moshe Kahlon. The tax was supposed to include taxation on additional apartments owned by investors according to a complex calculation formula. The tax It drew great opposition and was even eventually annulled by the High Court of Justice due to flaws in the legislative process.
The compensation mechanism for entrepreneurs is also not applicable
Heisler also referred to the offer of compensation to developers for late delivery, about which the Director General of the Ministry of Construction and Housing, Yehuda Morgenstern, stated, saying: "I did not study the offer in its entirety and it seems to me that it is an inapplicable, impractical and inequitable offer. Definitely see the need to pay attention to it. To distinguish between contracts signed before the amendments to the Sales Law and those signed after, what is the extent of the damage to each and is this a phenomenon that could collapse the entire market." "
We are not indifferent to it. Currently, they do not think it is right to intervene and pay compensation, they do think that a legislative amendment is needed. which refers to those fines established in the amendment to the Sales Law. If you give compensation to the tenants, you should give real compensation and not a fine. It will require a legislative amendment and we will look into the matter," Heisler concluded.
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