improvement
An IBA approval that increases the value of a property entails an improvement levy (50% of the increase in value). On the other hand, the increase in value increases future profit.
decrease in value
A building that reduces value (eg building restrictions) may be entitled to compensation according to Section 197 of the Planning Law.
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.