Glossary entry

Hebrew term or phrase:

מנהל מס שבח

English translation:

Capital Gains Tax Administration, or Chief Land Appreciation Tax Officer

Added to glossary by KMichal
Dec 10, 2012 13:39
11 yrs ago
24 viewers *
Hebrew term

מנהל מס שבח

Hebrew to English Law/Patents Real Estate Sale of Real Estate
Example:

משרדי יבצע פריסה של השבח מול מנהל מס שבח

מנהל מס שבח דחה את בקשת הפטור בגין מכירת 20% מהדירה שהתקבלו במתנה

Any idea how to translate this term to English?

Thank you!!

Proposed translations

16 hrs
Selected

Capital Gains Tax Administration, or Chief Land Appreciation Tax Officer

Rav Milim gives מס שבח as Capital Gains Tax, which sounds like good American English. I'm not sure whether מנהל here is administration, (maybe even an office or agency), an administrator, or manager,
Example sentence:

When selling a house or apartment or any other Israel real estate you may have to pay capital gains tax (known as Mas Shevach) at a rate of around 20 percent.

It is the duty of the Chief Land Appreciation Tax Officer (CO) to carry out the assessment.

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Land Betterment Tax Managing Director

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