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Israeli Tax Authority Demands 4.35 Million Shekels from Billionaire Steinmetz for Arsuf Villa Sale

How 5 Israeli newsrooms covered this story — translated into English and compared side by side.

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First reported by Globes · 8 hours ago

What happened

The Israeli Tax Authority demands 4.35 million shekels from billionaire Beny Steinmetz and his wife for capital gains tax on their 2024 sale of a villa in Arsuf. The couple disputes the amount, claiming a much lower tax, but the authority insists on the higher sum, rejecting their request for a favorable tax calculation method.

01Israeli Tax Authority demands 4.35 million shekels capital gains tax from Steinmetz couple.
02Villa in Arsuf sold for 27 million shekels in November 2024 to businessman Tamir Polag.
03Original purchase in 1995 by foreign company held by trust benefiting Steinmetzes for 8.1 million shekels.
04Steinmetzes claim tax liability should be 222,000 shekels after deductions, authority rejects this.
05Tax Authority denies preferred linear tax calculation, applies corporate tax rate instead.
06Agnes Steinmetz lived in villa until 2014; property never rented out thereafter.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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