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Real estate and real estate
Are you also entitled to a discount of thousands of shekels in property taxes?
From empty properties to regular service in the IDF: There are countless circumstances that allow you to receive a significant tax deduction. Are you also eligible?
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property tax
Adv. Pnina Shalev, co-legal zap
Wednesday, 09 June 2021, 16:52 Updated: 17:00
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Would you give up a gift worth thousands of shekels?
Certainly not.
But surprisingly, this is exactly what thousands of Israelis do, who do not exercise their right to a tax deduction.
From service in the IDF to entitlement to an allowance from the National Insurance Institute: there are countless circumstances that make it possible to receive a tax deduction from the local authority. So why do Israelis not take advantage of them?
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To the full article
Exemption from property tax for 5 years on a destroyed property
There are quite a few types of tax rebates, and to check which rebate you are entitled to, you must first access the Municipalities Ordinance, which generally defines the existing rebates.
Next, review the property tax order of the authority in which you reside that sets conditions for that rebate.
For example, if you receive an old-age pension and supplemental income from Social Security, you are exempt from property taxes.
Another example?
If you are a soldier in regular service in the IDF, you are entitled to a tax exemption for a property up to 70 square meters, which will accompany you for up to four months from the end of the release date.
Moreover, if you own an empty property or a ruined property, you will receive a very significant tax deduction.
For example, if the property is destroyed you can get an exemption for five years, after which pay property taxes at a low rate.
If the property is empty - you can get a 100% discount for half a year.
Those who are entitled to a pension from the National Insurance Institute are entitled in certain circumstances to receive a discount of up to 80% on property taxes.
In addition, those who are disabled by the IDF are entitled to a tax deduction of up to 66%. Those who have a disabled child in the family will also be able to receive a tax deduction of up to 33%.
Caution, less than one year lease
Along with the various assumptions that exist, there are various limitations that need to be noted on the way to exercising the right. For example, if you have a lease for less than a year, you will not be able to receive a tax deduction from the municipality, because the local authority will not transfer the property tax account in your name in the first place.
In addition, if you have a previous property tax debt, you will not be able to receive a discount from the authority. Moreover, some municipalities are increasing their doing, and retroactively canceling property tax rebates for those who have accumulated debts towards them. For example, if you have a debt of NIS 200 in property taxes, it is possible that the discount given on the remaining amount at the rate of 80% will be canceled.
In addition, it should be noted that in most cases the discounts will be given subject to various restrictions. For example, subject to one of the spouses not working. In addition, usually the discount will be given for a certain part of the property (for example, a 66% discount that will be given for 70 square meters in the apartment, when full property tax will be paid on the rest of its area.
In conclusion, there are many options for obtaining tax rebates, which depend, among other things, on the existing legislation in the local authority in which you live and on your personal circumstances. It is important to stand up for your eligibility, and if necessary consult a lawyer who is knowledgeable on the subject so as not to give up what you deserve.
An important tip, if you deserve a tax deduction, is to exercise it immediately, and not ask to exercise the rebate retrospectively, otherwise the right may be lost. For example, if you have a child who was recognized as disabled in 2018, and you are currently applying for a retroactive discount, it is not certain that you will be able to receive the benefit.
The writer
from the gem and Mary Law Firm
specializes in local authorities, and accompanied by many residents who wish to exercise their eligibility for discount in municipal tax
Phone:
077-8042629
article
courtesy of Zap legal
information presented in the article does not constitute legal advice or a substitute for it and does not constitute a recommendation for proceedings or avoiding proceedings.
Anyone who relies on the information in the article does so at his own risk
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