Due to delays and obstacles in the construction process, our representative there offered us several options….
Due to delays and obstacles in the construction process, our representative there offered us several options.
The most basic is a commitment to sell the property and give us back the investment + a small profit.
So suppose we got the money, we repaid the mortgage in the US, and now we want to get the money back into the account in the country. What is the simplest, most legal and effective way to do this?
What taxes are we supposed to pay for the tiny profit we made? In Israel? U.S?
Following the words of Gil…
Keep in mind that the tax in Israel will be paid regardless of the withholding tax as Gil explained
25% Capital Gain
15% in the US and another 10% in Israel
There is a situation where they will perform Withholding, advances… of about 30% of the money until you pay the taxes
Most certainly Clear Shift