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Corona subsidies for homeowners in Israel

Corona subsidies for homeowners in Israel

Corona subsidies for homeowners in Israel

Can landlords receive a government subsidy in the event of a reduction in rent or unpaid rent?

What is the position of the Ordre des Experts Comptables?

Until now, there have been no Corona subsidies for homeowners in Israel.

Well, almost not, as several apartment owners who are used to renting out their apartments on a "short-term" basis (Airbnb / Booking) have benefited from subsidies granted by the Israeli state.

The position of the Association of Chartered Accountants in Israel is that landlords who have rented out real estate in Israel (apartments, but also commercial premises) without receiving all the rent should be eligible for a subsidy.

What do they think about taxes in Israel?

Administration Israeli tax said:

Property owners in Israel who have experienced a fall in rents are not entitled to a subsidy.

Rental in Israel :
Owners do not
can receive compensation.

In fact, their rental income is protected by a contract.

They can therefore claim unpaid sums from tenants, or decide to take the case to court.

Reminder of the law granted by the government

Companies affected by COVID 19 were able to apply for subsidies on fixed expense reimbursements.

Rent payments are a major fixed expense, and the subsidy is designed to help tenants pay rent to landlords.

The state thus wishes to avoid paying a "double subsidy".
apartment owners in Israel

What solutions are there for apartment owners in Israel?

The position of the Israeli tax authorities could be more lenient for owners in the following cases:

  • When the lease expires and the landlord cannot find another tenant.
  • When the rent paid by the tenant is indexed to a percentage of sales.
  • In other exceptional cases, an application can be submitted with supporting documents and explanations.

Are you renting a property in Israel?

If you have encountered difficulties or unpaid bills in 2020 - 2021, don't hesitate to contact us to check your entitlement to a subsidy.

Click here

Your questions
Our tips

  • How do I apply?
  • Are non-Israeli residents eligible for this subsidy?
  • How much can the subsidy be?

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Boruch Levenson - CPA

A native English speaker qualified in both Israel and the UK, Boruch cares for the English speaking clients.

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Our consultants in Jerusalem

English speaking accountants in Israel
Address: Kanfei Nesharim 68. Merkaz Oranim
Phone number: 02 631 9000
Fax: 02 631 9005
Email: office@cpa-dray.com