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Tuesday, 12 July 2011 09:58

REITs were introduced in Israel in 2006 via an amendment to Part 4, Section 2 of the Income Tax Ordinance (1961), with the aim of boosting the country's real estate market. REITs can invest in various types of properties and must hold at least 75% of their portfolio in Israeli real estate assets; the REIT must be incorporated, managed and controlled in Israel; no more than 60% can be leveraged; they must list on the Tel Aviv Stock Exchange within 12 months with at least 100 shareholders; no more than 5 investors can directly (or indirectly) control over 50% of the shares; and investors are taxed only at the stock holder rather than at company level, since these approved companies are tax-exempt (hence investors avoid double taxation) - Link.

Last Updated on Thursday, 27 March 2014 03:06