Watch Out, Home Sellers, You Could Be Liable for Tax

New rules that put an end to the old, nearly blanket exemption on the property-betterment tax could find you liable starting January 1.

The Economic Arrangements Law passed by the Knesset in August brought about a revolution in real estate tax legislation. The consensus against the tax exemption for investors and luxury homes led to its cancellation, but the new regulations also produced some casualties along the way.