GlossaryForm 7000
Form 7000
טופס 7000
The purchase-tax declaration, usually filed within 30 days of signing.
After you sign, the lawyer files the purchase-tax declaration (commonly Tofes 7000) with the Tax Authority, typically within 30 days. The authority assesses mas rechisha on the full contract price. Late filing accrues interest and fines. Living abroad, paying only a reservation, or buying a hole in the ground does not pause the clock.
Where this comes up
Pages on this site that use the term in context.
- Buying in Sde Dov from Abroad: The Honest Playbook
Foreigners can buy here, but the tax code, payment schedule, and permit pipeline work differently than in most overseas markets. What the research actually supports.