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Client Updates

Feb 10, 2015

Real Estate Department – HFN’s Municipal Taxation Division has released a client update

The client update discusses a judgment recently issued by the District Court in Tel – Aviv, in which the Court granted an Administrative Appeal filed by HFN, in which it ordered the cancellation of betterment levy issued by the Municipality and the Local Committee for Planning and Construction of Tel Aviv.

The Court granted the Appeal based on the arguments that there was a delay in issuing the betterment levy charge, and case law, which prohibits the imposition of retroactive charges.

If you want to read the full client update (in Hebrew) please  click here.