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      Archive: 5/1/2013
      11:35
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      News Brief

        5/1/2013, Iyar 21, 5773

      Tax Break for Purchase of First Apartment


      The Knesset Monetary Committee has decided to extend the temporary legislation setting a real estate tax break on purchases of a first apartment. It was also decided to increase the tax on any further purchases of real estate in order to discourage investment purchases for profit and to increase availability of housing options for sale.