The Knesset recently approved in a preliminary reading a bill allowing accountants and tax advisors to represent taxpayers in real estate tax matters, previously reserved for lawyers.
A move to simplify tax procedures
This reform aims to reduce costs and simplify processes for taxpayers by enabling a single professional to handle their tax affairs from the start.
Legal context and changes
Under the 1961 law, only lawyers could represent clients in real estate tax cases. This bill seeks to align accountants’ roles with their existing capabilities in other tax areas.
Impact on buyers and sellers
Buyers and sellers in Israel could benefit from reduced transaction costs and greater flexibility. Consulting qualified professionals remains essential.
Professional implications
Lawyers may face increased competition, prompting service diversification, while accountants and tax advisors could seize new professional opportunities.
Practical tips
Taxpayers should stay informed and select certified professionals to navigate potential legal changes effectively.
Future outlook
If enacted, this reform could significantly reshape Israel’s real estate tax landscape, providing more representation choices and fostering healthy professional competition.
