Tivuch Ida

Professional agency with a personal touch

Critera set for 0% VAT on new homes

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Finance Minister Yair Lapid and Attorney General Yehuda Weinstein have compromised.

The main factor entitling buyers of new homes to be exempt from VAT will be military or national service, it was agreed today in discussions between Finance Minister Yair Lapid and his top officials and Attorney General Yehuda Weinstein and his officials.

However, following lengthy discussions Weinstein refused to set criteria which did not extend to the entire population while Lapid insisted on preferential treatment for those who undertake military or national service.

Ultimately a compromise was reached. Those undertaking national service will be allowed to buy a 0% VAT apartment for up to NIS 1.6 million including VAT. Other Israelis will be able to buy a 0% VAT apartment up to NIS 600,000 including VAT.

Published by Globes [online], Israel business news – www.globes-online.com – on May 11, 2014

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Author: Ida Real Estate

I have dealt with people starting from my teen years whether it was a junior counselor position, volunteering in community centers for the elderly, working as a secretary and as a real estate agent. Dealing with the public is a learning experience and challenging. Someone once told me that a person can learn from every being they meet whether it be a child or a stranger they met for 2 minutes. This I hold true. I have met so many people and have learned a lot and keep learning. My father who ran his own business made it a point to provide good service to all his customers no matter how small the customer. I hope to offer quality, honesty, and result in happy customers whether they are sellers, buyers, or renters.

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