Inherited Apartment: What to Arrange Before Selling (715)
Selling an inherited apartment in Israel requires special attention to document preparation.
Inheritance involves legal and tax nuances, and skipping even one step can lead to delays or additional costs.
This article explains what needs to be arranged before selling an inherited apartment.
Key Steps Before Selling
- Formalize the inheritance with a notary
- The first step is official confirmation of the heir’s right to the apartment.
- The notary reviews the will, checks for multiple heirs, and allocates shares.
- Consent of all heirs
- If there are multiple heirs, all must provide written consent for the sale.
- Without this, the transaction may be challenged in the future.
- Register ownership (נסח טאבו)
- The heir must be registered in Tabu as the legal owner.
- Without this, the sale cannot proceed.
- Check for debts and encumbrances
- A lawyer reviews utility debts, mortgages, or other encumbrances.
- All issues should be resolved before transferring the apartment to the buyer.
- Inheritance tax and capital gains tax
- Inheritance tax is usually not applied in Israel, but capital gains tax (מס שבח) may apply upon sale.
- A specialist can calculate the tax and check for possible exemptions.
Tips from Unehasim
- Begin inheritance formalities immediately after obtaining rights to the apartment.
- Ensure all heirs agree to the sale.
- Check encumbrances and debts before listing the apartment for sale.
- Consult a lawyer specializing in taxes and real estate to avoid issues and speed up the process.
Following these steps allows you to sell an inherited apartment safely and without delays.
Contact Unehasim Specialists
If you plan to sell an inherited apartment in Haifa, Unehasim specialists can help:
- Formalize inheritance and register ownership
- Verify consent of all heirs
- Identify and resolve encumbrances and debts
- Calculate capital gains tax and account for all exemptions
- Facilitate a safe and transparent sale
