Individual Taxation, Trusts and Wealth Management

  • We advise individuals resident in Israel as well as those planning to emigrate to or work in Israel on all aspects of their personal taxation.  We have extensive experience advising our clients on income tax, capital gains tax and the relevant tax benefits and tax holidays available to new immigrants. Our expertise includes advising on using trusts and other vehicles as tax efficient structures for holding property and other investments; preservation and use of tax exemptions; tax planning and wealth protection for high net worth individuals and their families; and dealing with tax issues arising from family disputes.

     

    We have a long history advising overseas clients. When devising efficient tax structures for our clients, we take into any tax exposure in their "home" jurisdiction and the availability of any double taxation treaties. Where necessary, we work together with leading foreign tax advisers in order to provide clients with a seamless tax advisory service.

     

    Our team has considerable experience advising, setting up and administering trusts, family companies and partnerships whether for practical and inheritance planning purpose, safeguarding family wealth or whether as a means to mitigate local or foreign tax both during the life of the client and for future generations. We can identify and prepare the relevant structure that best meets the client's objectives and circumstances.

    • Providing tax advice and representing high net worth individuals before the Israeli tax authorities in voluntary disclosure proceedings of unreported taxable income, and providing advice regarding the complex voluntary disclosure proceedings conducted outside of Israel.  In addition, our firm provided advice regarding estate tax planning and transfer of assets to future generations.  Our firm's services included the drafting of agreements and wills, advice on trusts and setting up a trust and handling tax reports to the relevant authorities
    • Providing tax planning advice and comprehensive legal counsel to an Israeli resident from Australia eligible to assets under a number of foreign family trusts and wills of relatives.  Our firm's services included on-going cooperation with foreign consultants, preparation of legal opinions, drafting of legal documents and tax planning regarding the assets received as well as filing the required reports with the tax authorities  
    • Representing an Israeli company which served as a trustee to one of the wealthiest Jewish families in the world in an appeal to the District Court of Tel Aviv regarding a tax dispute valued at 1.2 billion NIS (approximately US$ 300 million)
    • Providing tax planning advice and comprehensive legal counsel to an Israeli resident from Holland regarding the inheritance of assets in and outside Israel
    • Representing the owner of a large venture capital fund in voluntary disclosure proceedings of unreported taxable income in the value of ten millions of dollars.  Our firm successfully negotiated an arrangement with the Tax Authority
    • Establishing two trusts for a family which owned real estate holdings with a yield of hundreds of millions of shekels, including establishing a structure for wealth management for future generations of the family
    • Providing tax planning advice and comprehensive legal counsel to Israeli residents regarding an inheritance that included assets in Switzerland and in South Africa