Israel: Tax incentives offered to aid housing crisis for war evacuees

Tax and Investment Authorities support war evacuee entrepreneurs owning residential buildings, granting tax benefits and occupancy contracts with government companies. This initiative, part of the Incentive Law, offers tax exemptions for rented apartments post-government occupancy. The VAT Law applies for subsequent rentals and apartment sales, aiming to provide permanent housing solutions for over 100,000 evacuees from conflict zones, shifting from temporary hotel arrangements to rental housing expansion.