The prevailing arrangement when writing the article regarding real estate associations, prior to the modification of the law, created distortions which were intermittently detrimental to the Income Tax Commissioner and to taxpayers. The article reviews the double taxation distortions created by section 14 of the Land Taxation (Betterment and Purchase) Law, 5723-1963 (hereinafter: the “Law”), the taxpayer’s rights in a situation where he is either required to pay a double tax or which creates tax evasion, and the possible solutions to these problems, such as using section 55 of the Law to avoid double taxation, taxation of the economic value of the transferred right, using sections 12-13 of the Law, etc.
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