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Israel Real Estate: Reporting Requirements and Tax on Rental Income
Manage episode 442052086 series 3591683
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In this episode of On the House, host Debbie explores the complexities of rental property taxes in Israel with CPA Chana Engel, a specialist in Israeli taxation. Together, they offer valuable insights for property investors, discussing topics like non-taxable rental income limits, the 10% flat tax option, and deductible expenses under the marginal tax rate. They also address tax considerations for foreign residents, the risks of not reporting rental income, and how short-term rentals like Airbnb may be classified as business income. The episode touches on recent legislative changes and tax reporting options and emphasizes the importance of consulting a professional for guidance.
For more information, you can contact Chana Engel at chana@chanacpa.com.
If you're interested in purchasing property in Israel, visit Buyitinisrael.com to explore new projects, access expert advice, and stay updated on the latest real estate news. For help finding your home or with any inquiries, reach out to Debbie Goldfischer at debbie@buyitinisrael.com.
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