Planning and Building Law (Amendment – Deferral of Betterment Levy Payment upon Divorce) Bill
Translated from Hebrew: הצעת חוק התכנון והבנייה (תיקון - דחיית תשלום היטל השבחה אגב גירושין)
TL;DRA proposal to defer payment of the betterment levy in property transactions between spouses or to children during divorce.
Translated from Hebrew
What does the bill do?
The proposal updates the Planning and Building Law to include a deferral of payment of the betterment levy, similar to the existing deferral in purchase tax and land appreciation tax. The deferral will apply when a transfer of rights in real estate is made between spouses or from them to their children under a divorce judgment. The rationale behind the deferral is that when a property remains in the hands of family members and is not converted to cash, a tax event (a sale) has in fact not occurred, and therefore there is no basis for collecting a levy on betterment that was not actually realized.
The votes on this bill
Coalition 64 seats
Opposition 56 seats
Tap an MK for detailsChanged position between readingsOnly MKs who held a seat on the day of the vote are shown