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Flooding the zone, Pt. 1

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Your Taxes: Israeli property flip ends with a costly VAT lesson

A recent Israeli court ruling offers a costly lesson for property investors: recovering VAT when buying a property can create a much larger VAT bill when plans change.

  • Israeli District Court rules property flip cannot be reversed
  • American LLC owned Israeli real estate entity
  • Full VAT of NIS 5.7 million applied to sale

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