What is “purchase tax”?

Purchase tax is paid by the buyer when purchasing an apartment in Israel. You can calculate your estimated purchase tax by using the calculate at this link:

http://www.buyitinisrael.com/mas-rechisha-calculator/

 

It is important to note, that this sum may vary depending on if this is your only apartment in Israel, or if you have more than one, as well as whether you are an Israeli citizen.