Legal consultation property in Tel Aviv

 

Real estate is a serious yet long-term investment where transactions need to be looked after by professionals. A property lawyer is an ideal fit for professional help if you are considering investing, selling or purchasing a property in Tel Aviv, Israel.

There are many reasons why you need legal consultation of a property lawyer if you are selling or purchasing a property in Israel. A property lawyer in Tel Aviv helps you to find the right buyers, explain the attached obligations, increase your chances of mortgage approval, and read out the necessary agreement terms in the deal.

Property lawyers in Tel Aviv are well-versed in the property laws of Israel. They are familiar with all the obligations, property taxes, agreement clauses and bureaucratic terms. In most real estate cases, a person needs legal consultation from an experienced property lawyer in Israel.

Besides legal consultation, a property lawyer provides the knowledge, tools and meditation between the two parties and professional advice along the way. While all lawyers know to handle a property law, it is best to seek legal consultation from the one who is specialized in handling real estate matters.

Why do you need legal consultation from a property lawyer in Tel Aviv? – Deciding on the location

When thinking to purchase a property in Israel, the first and foremost thing you should decide is the location of where you would like to live. Whether you are migrating to Israel or just moving from another city to Tel Aviv, a good neighborhood is all it takes to bring peace into your life. As you move forward with this heavy yet life-altering decision, you need the help of a property lawyer.

Besides legal consultation, he will advise you about the properties you should invest in. Investing in the wrong property can waste all of your money.

Here is what a property lawyer will guide you on:

·         The best location for a residential property

·         Local weather

·         Income opportunities and rate of employment

·         Quality of life

·         School districts (if you are moving with your family)

·         Synagogues

Property taxes specific to Israel

When buying a property in Israel, you need to be aware of two taxes: purchase tax and capital gains. The purchase tax is based on the property’s value. However, it has to be paid within 60 days of moving to the country and purchasing the property. Properties worth less than 1.7 million are exempt from the purchase tax. Any property worth more than 1.7 million is subject to a 3.5 % to 10% tax. Paying taxes on an Israeli property can be very confusing. Who knows you end up paying the wrong amount of taxes? Therefore, you need a property lawyer to help you out.

The property purchasing process is very complicated and one might need legal help from a property attorney in Tel Aviv. The tax rates change every year in January. That’s why you need legal help from a property lawyer who is well-versed in current tax laws in Israel.

The capital gain tax is also known as the Land appreciation tax. It applies when you are selling a real estate property in Israel. It only applies if you are selling it more than its purchasing value. Depending on your situation, you can be exempt from capital gains tax. If you want leniency in the capital gains tax, all you need to do is seek legal help from a real estate lawyer in Tel Aviv.

 

If you are an international client looking to invest in Israeli property, consult a property lawyer today and make a life-long investment.