A Gift In Israel, Taxation and Exemption

Taxation

The Israeli Tax Ordinance and the Land Taxation Law include comprehensive rules governing the issue of gifts. As a rule, the transfer of an asset as a gift is a taxable event in Israel as any other sale of an asset. Nonetheless, under certain circumstances, the donor may be entitled to receive an exemption from the payment of taxes. This article deals with the taxation and exemption of a gift when international tax aspects are involved

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Living and working in Israel

Taxation

Living and working in Israel for non-residents can be a unique experience. Nevertheless, unique as it is, any person who comes to Israel to work and not to travel must be concern of tax issues. Israel’s taxes should be a major factor in calculation of profitability and a proper planning and preparations can resolve many taxes and future debates.

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The downsides of stepping up

Taxation

This article deals with the tax implications of requesting a step-up in relation to inheritances and gifts from abroad for
Israeli residents. The article was published in STEP journal on June 2014.

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To report or not to report

Taxation

This article was published in Trusts & Trustees journal, Volume 14 Issue 2 on March 2008. It deals with reporting obligation of the trust’s parties: Settlor, trustee and beneficiary. Trusts & Trustees is the leading international journal on trust law and practice.

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Israeli legislation on aggresive tax planning

Taxation

This article was published in Trusts & Trustees journal, Volume 13 Issue 3 on March 2007. Israel’s new law requiring taxpayers to report aggressive tax planning arrangements to the Israeli Tax Authority requires professionals to consider the reporting implications and the risks when advising clients. Trusts & Trustees is the leading international journal on trust law and practice.

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A new star Is born – the Israeli underlying company

Taxation

This article was published in Trusts & Trustees journal, Volume 12 Issue 3 on February 2006. It deals with new concept, introduced by the Law, of an underlying company in Israel. The Law provides for the establishment of an underlying company of a trust within Israel or abroad for the legal separation between the trustee’s personal assets and the trust’s assets. Trusts & Trustees is the leading international journal on trust law and practice.

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The new law applicable to trusts

Taxation

This article was published in Trusts and Trustees journal, Volume 11 Issue 9, on September 2005.
It was a few month before the new legislation for the taxation of trusts went into force. Trusts & Trustees is the leading international journal on trust law and practice.

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