Financial Planning

Capital Gains Tax

2020-07-13T10:59:17+03:00Financial Planning|

A US citizen who is a resident of Israel (with the assumption that the Israeli resident is not in the 10 year exemption period) who sells US corporate stock will pay the first right of tax to Israel on the capital gain (generally the sales price less the original cost).

General Tax Issues When Making Aliyah from Canada

2020-07-14T16:16:07+03:00Financial Planning, Taxes in Israel & Overseas|

Becoming a non-resident of Canada will generally not affect your citizenship status in Canada. Canada does not typically ask people who become non-residents to give up their citizenship. However, your change in residency status will significantly change the manner in which you are taxed by Canada. How? For starters, Canadian residents are taxed on their worldwide income while non-residents are taxed only on their Canadian-source income.

Making Aliyah from the UK – Tax Considerations

2020-07-13T11:20:05+03:00Financial Planning, Taxes in Israel & Overseas|

Welcome to Israel! Making Aliyah can be a daunting prospect, and all the more so when you're entering a new tax regime, i.e. that of Israel. This article is to help you consider some of the issues from the UK point of view, although we will touch on some of the Israeli aspects. It goes without saying that bespoke advice should be taken for each individual circumstance.

Israeli Trust Law

2020-08-05T12:31:07+03:00Financial Planning, Taxes in Israel & Overseas|

What is a Trust? Someone (Grantor/Settlor) can create a trust by signing a trust deed in which he transfers legal title of his assets to a trustee, whom he designates in the trust deed. The trustee, while having legal title to the assets, has no beneficial entitlement from the assets. The trust deed names beneficiaries, who do not have legal title to the assets, but are able to enjoy the income and the assets in accordance with the terms and conditions under the trust deed.

Real Estate Investing in Israel

2020-07-14T11:25:58+03:00Financial Planning|

Depending on your stage in life and financial situation, you may well have already looked at, or become involved in the real estate market in Israel prior to making Aliyah. However, even if it is something you never considered, it will become very relevant to you upon arrival as you consider purchasing a home here.

Making Aliyah and Juggling Debt, Loans or a Mortgage

2020-08-20T09:40:14+03:00Financial Planning|

Living in Israel is awesome – and for many people it is a true dream come true. To make the dream of living in Israel a reality, there are many practical steps that one must take to ensure successful absorption into Israeli society. From my experience, having proper expectations is one of the key ingredients to a successful Aliyah.

When to Convert Your Foreign Currency in Shekels

2020-07-14T11:53:10+03:00Financial Planning|

If you are about to realize your dream of Aliyah – Mazal Tov!  It is an amazing and huge step that hopefully will add much happiness and meaning to your life. But with all the practical, immediate details that you are finalizing now, you also need to consider the longer-term financial ramifications of switching countries – and currencies – to ensure your continued financial stability.

UK Inheritance Tax and QNUPS

2020-07-14T11:50:52+03:00Financial Planning|

UK Inheritance Tax (IHT) is usually paid on an estate when somebody dies. It's also sometimes payable on trusts or gifts made during someone's lifetime. The Inheritance Tax threshold (or 'nil rate band') is the amount up to which an estate will have no Inheritance Tax to pay.  


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