The Timing of Betterment Tax Payment in Land Transactions

Netanya Academic College Law Review, Vol. 3, pp. 87-118, 2003-2004

32 Pages Posted: 13 Dec 2009

Date Written: December 31, 2004

Abstract

A betterment tax is a levy on private property owners whose land have gained value due to a change in the zoning (An example of betterment tax levied is when agricultural land is changed to residential land or when the building rights to a house or building are increased). In Israel, the tax is 50% of the added value to the property. This is a one-time tax, payable when the owner sells the property or when he requests a building permit. The article focuses on the question when is the proper time for collecting the Betterment Levy.

Note: Downloadable document is in Hebrew.

Keywords: Betterment Tax, Land Transactions

Suggested Citation

Gelbard, Moshe, The Timing of Betterment Tax Payment in Land Transactions (December 31, 2004). Netanya Academic College Law Review, Vol. 3, pp. 87-118, 2003-2004, Available at SSRN: https://ssrn.com/abstract=1471565

Moshe Gelbard (Contact Author)

Netanya Academic College ( email )

Israel

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