Pursuits
Israel Coalition Collapse Pushes Homebuyers Off Tax Fence
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Business has suddenly picked up at Shelly Levine’s Jerusalem real estate agency: The crumbling of Prime Minister Benjamin Netanyahu’s government has killed a proposed tax break that had homebuyers biding their time.
Yair Lapid, the finance minister Netanyahu fired last week before calling new elections Dec. 2, wanted to scrap the 18 percent value-added tax for eligible first-time homebuyers. The prime minister has scuttled the plan.