Gifts from Abroad
A gift of cash received from abroad is tax-free in Israel. A gift of assets from abroad may trigger tax in the giver's country (e.g., US gift tax for American citizens gifting more than $18,000/year to non-spouses). The Israeli recipient faces no Israeli tax on the gift itself, though eventual sale of gifted assets will be subject to Israeli capital gains tax.
Gifts to Foreign Residents
An Israeli resident gifting assets to a foreign resident should consider: the gift may be a taxable event if the recipient is not a close relative; the foreign country may impose its own gift or inheritance tax; and international information exchange (CRS) may disclose the transfer to both countries' tax authorities.
Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.