Buying Real Estate โ€” Mas Rechisha

Mas Rechisha (purchase tax) is paid by the buyer within 60 days of purchase. Rates depend on whether you're an Israeli resident, what type of property you're buying, and the property's value.

For foreign buyers (non-Israeli residents)

Property Value (NIS)Tax Rate
Up to โ‚ช6,055,0708%
Above โ‚ช6,055,07010%

Note: Rates updated annually for inflation. Above is approximate for 2025.

For Israeli residents buying primary residence

Rates start at 0% and rise progressively up to 10% โ€” significantly lower than foreign buyer rates.

Tax planning for purchase

  • If you're planning Aliyah within 2 years, you may qualify for "Oleh" tax brackets immediately
  • Holding through an Israeli or US LLC has tax implications โ€” needs analysis before purchase
  • Co-ownership with an Israeli relative can reduce purchase tax in specific structures
  • Pre-construction purchases (ืงื•ืžื‘ื™ื ืฆื™ื”) have unique tax treatment

Renting It Out โ€” Two Tax Tracks

Israel offers foreign owners two ways to be taxed on rental income. Choosing the right one can save thousands per year.

Track 1: Flat 10% (No Deductions)

  • 10% flat tax on gross rental income
  • No deductions allowed (no expenses, no depreciation, no interest)
  • No annual tax return required
  • Pay quarterly to Israel Tax Authority

Best for: Properties with no mortgage, low maintenance, owners who want simplicity.

Track 2: Marginal Rate (Full Deductions)

  • Tax at marginal rates (10%-50%) on net income after deductions
  • Deductible: mortgage interest, property management, repairs, insurance, water/property taxes paid, depreciation (4% annually for residential)
  • Annual Israeli tax return required
  • Can result in losses being carried forward

Best for: Properties with mortgages, higher maintenance, sophisticated owners. Often results in zero or near-zero Israeli tax in early years due to mortgage interest deduction.

Track 3: Exemption (Limited)

For Israeli residents (not foreign), there's a partial exemption for rental income up to โ‚ช5,654/month (2025). Not available to foreign owners.

Selling โ€” Mas Shevach

Mas Shevach is Israel's capital gains tax on real estate sales.

Standard rate: 25%

The 25% rate applies to the "shevach" (gain) โ€” calculated as:

Sale Price โˆ’ Indexed Cost โˆ’ Allowable Improvements โˆ’ Selling Costs = Shevach

The original cost is adjusted for inflation using the Israeli CPI. Mortgage interest is NOT deductible from the gain (it's deducted during the rental period instead).

Exemptions for primary residence

  • Israeli residents who own only one residence: full exemption every 4 years (or 18 months in certain cases)
  • Inherited property โ€” special rules apply
  • Sale to a relative at below-market value can disqualify the exemption

Foreign owners typically cannot use these exemptions (since the property isn't their primary residence). However, certain exemptions exist for inheritance and gift transfers.

Cliff for olim during the 10-year exemption

The 10-year Aliyah exemption does not exempt Israeli real estate. The property is in Israel, so any gain is Israeli-source. Selling Israeli property during your exemption period is still taxable in Israel.

The US Side โ€” What Americans Often Miss

If you're a US person, your Israeli property creates US obligations regardless of Israeli rules:

  • Form 1040 Schedule E โ€” annual US reporting of rental income and expenses (in USD)
  • Foreign Tax Credit (Form 1116) โ€” credit for Israeli tax paid on the same income
  • Depreciation under US rules โ€” 40-year ADS (alternative depreciation system) for foreign property, NOT 27.5-year domestic schedule
  • Currency translation โ€” must convert NIS to USD using daily or annual rates
  • FBAR / Form 8938 โ€” Israeli bank accounts holding rental income
  • Form 5471 / 8865 โ€” if property is held through Israeli company or partnership
  • Form 1041 / 706 โ€” for inherited Israeli property

The biggest mistake we see: Americans paying full Israeli tax AND full US tax on the same rental income because they (or their CPA) didn't claim the Foreign Tax Credit properly. We coordinate with US CPAs to ensure you don't pay double.

Group Purchasing โ€” Kvutzat Rechisha

A group purchase is a uniquely Israeli structure where 10-200+ buyers pool money to buy land and build their own apartments โ€” saving 15-25% compared to buying from a developer.

For Americans, group purchasing creates additional complexity:

  • The trust account (ื—ืฉื‘ื•ืŸ ื ืืžื ื•ืช) needs careful US reporting
  • Membership interest may be reportable as PFIC or partnership
  • Construction phase has unique tax timing issues
  • Bank financing for non-Israeli members has special documentation requirements

We've handled group purchase transactions for American members totaling over $30M. The tax savings of group purchasing are real โ€” but only if structured correctly from day one.

Services

How We Help Real Estate Owners

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Pre-Purchase Tax Planning

Structure your purchase optimally โ€” Israeli vs US LLC, individual vs trust, financing approach. Save tens of thousands by getting it right upfront.

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Annual Rental Tax Filing

Choose your track (10% flat or marginal), prepare and file annual Israeli tax returns, coordinate Foreign Tax Credit with your US CPA.

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Mas Shevach Calculation

Calculate gain on sale, identify all deductions and exemptions, file mandatory return within 50 days, minimize tax legally.

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Group Purchase Advisory

Full advisory for Americans joining group purchases โ€” trust review, US reporting setup, US tax coordination throughout the build.

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Inherited Property Handling

Receiving Israeli property through inheritance creates immediate Israeli filings and US Form 3520 reporting. We handle both.

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1031-style Exchanges

Israel doesn't have a direct equivalent of US Section 1031, but several structures can defer tax on Israeli property exchanges. We design and execute them.

Own (or Buying) Israeli Real Estate?

30-min consultation to map your tax exposure, US reporting needs, and optimization opportunities.

FAQ

Frequently Asked Questions

Do I have to pay Israeli tax on rental income?
Yes. Two tracks: 10% flat on gross income (no deductions), or marginal rates with full deductions. For owners with mortgages, marginal track is usually better.
What is mas shevach?
Israel's capital gains tax on real estate. Standard rate 25% on the gain. Several exemptions for primary residence (Israeli residents only).
What is mas rechisha?
Purchase tax paid by buyer. For foreign buyers: 8% up to ~โ‚ช6M, 10% above. Israeli residents buying primary residence get progressive lower rates.
Do I need to report Israeli rental income to the IRS?
Absolutely. Form 1040 Schedule E with Foreign Tax Credit (Form 1116). Depreciation under 40-year ADS rules. Currency translation required.
Can I deduct mortgage interest on my Israeli property?
In Israel: yes, if you choose the marginal track. In US: yes for primary/secondary residence (limits apply). Strategy depends on overall picture.
Should I hold the property in my name or in an LLC?
Depends on use, financing, asset protection needs, and US/Israeli tax considerations. We analyze case by case.
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