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March 14, 2024

Real Estate

Investing in real estate abroad and what it will mean for your taxes

Asserson’s real estate legal director, Abby Korn wrote an article for the Jerusalem Post, examining your options If you want to diversify your investments and purchase real estate in the UK. Read more here.

March 14, 2024

Tax

Israel to abolish exemption from reporting foreign income and assets for first-time and returning residents

Israel plans to end the special exemption allowing first-time and veteran returning residents to avoid reporting foreign income and assets. This comes as a response to pressure from the OECD (Organization for Economic Co-operation and Development). A proposed bill, published on March 6, 2024, seeks to amend the Income Tax Ordinance, targeting individuals who have […]

Benjamini & Co.

March 14, 2024

Tax

Charles Russell Speechlys issues key changes for non-doms expected from April 2025

Charles Russell Speechlys offers an in depth analysis of the significant changes to the tax system for foreign domiciliaries in the UK, particularly focusing on the elimination of the remittance basis of taxation and its replacement with a new four-year special tax regime starting from April 2025. For the update, read here.

March 7, 2024

Banking & Finance

Nawi Brothers Group seeks controlling stake in Isracard

Israeli nonbanking credit finance company Nawi Brothers Group is to submit a request to the Bank of Israel to acquire a controlling stake in the credit card company Isracard, Israel’s biggest credit card company. Read more in Globes.

March 7, 2024

Hi-Tech

Team8 closes USD500m in new VC funds

Israeli venture group Team8  announced the closing of three new funds totalling USD500 million. Two of the three new funds are based on the venture creation model, in which the fund builds start-ups from scratch. The other USD110 million fund is  based on the venture creation enterprise model for building and investing in start-ups in the […]