We would like to update you that on December 14, 2017, the Supreme Court released a judgment that establishes that a company that holds a shopping center constitutes a “Real Estate Association”, as this term is defined in the Real-estate Taxation Law, and therefore, the sale of a shopping center or the sale of shares in the “Real Estate Association”, that hold the shopping center, shall be subject to appreciation tax and purchase tax.
Please find the full legal update here (Hebrew)
