Inheritance from Abroad
Receiving an inheritance from a foreign decedent is tax-free in Israel. However, the foreign country may impose inheritance or estate tax (e.g., US federal estate tax applies to worldwide assets of US citizens and to US-situated assets of non-citizens above exemption amounts). Israeli heirs should consult with advisors in both countries.
Assets Abroad
Israeli heirs who inherit foreign assets must consider: the foreign country may tax the inheritance; eventual sale of the foreign assets will be subject to Israeli capital gains tax; and new immigrants may benefit from the 10-year exemption on foreign assets.
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.