A ‘lacuna’ to be resolved
Daniel Paserman (CPA) TEP, Head of Tax and partner Yoad Cohavy, in an article for STEP Journal regarding a precedential ruling by the Tel Aviv District Court which ruled that the transfer of Israeli real estate property by a foreign resident to a trust whose beneficiary is an Israeli resident, for no consideration does not constitute a taxable event (contrary to the ITA line that has filed an appeal with the Israeli Supreme Court).
