Declaration form on the sale and purchase of a right of possession in real estate (form 7000B)

Who can apply?

Sellers and purchasers of right of possession in real estate and those acting in a real estate association.

What to attach?

Form 7000 – A declaration on the sale of a tax exempt residential apartment that does not include existing or expected construction rights and for which a full exemption from real estate capital gains tax is requested.

Form 7000B – A declaration on the sale of a right pf possession in real estate, the profit from which is subject to income tax assessment and an exemption is requested according to section 50 of the Real Estate Taxation Law (for use by those who sell real estate business inventory such as building contractors and developers).

Form 7002 – A declaration of the sale of a right of possession in real estate or an action in a real estate association that are not suitable for a submission in forms Nos. 7000 or 7000B

A tax self-assessment for the sake of real estate capital gains tax

A tax self-assessment for the sake of purchase

THIS SERVICE IS PROVIDED FREE OF CHARGE

How to apply?

Sellers which represented by a lawyer will submit the declaration online.

Sellers who are not represented are required to submit the declaration online at the public computer station which located in each of the real estate taxation offices in Israel.

Exceptions to the submission of the online declaration:

1. A representative lawyer whose age was 66 or older on October 15, 2017, may submit a declaration and the accompanying forms manually.
2. Sellers and buyers who are not represented in the transaction, and are prevented from reaching the public computer station due to a medical problem or a lengthy stay
   abroad, may submit a request to be exempt from the obligation to report online by using Form 7100. Each request is reviewed according to its circumstances and therefore it
   is mandatory to attach supporting documents and references. Should the request be approved, the declaration will be submitted manually.

What happens next?

At the regional office to which the declaration is submitted, its normalcy is checked. As long as the declaration is normal, it will be forwarded to the supervisor for further
processing.

The obligation to submit the declaration is within 30 days from the date of the sale, a delay beyond the legal deadline may result in a fine for failure to make a declaration on time.