"Lease" – a lease, a sublease, a lease of any degree, a lease, a sub-lease and a lease of any degree, as well as a unique right of possession;
"Lease for a period" – the maximum period that the lease can reach according to any right that the lessee or his relative has by virtue of an agreement or by virtue of a right of choice given to the lessee or his relative in the agreement.
- In addition, defines Section 1 The Real Estate Taxation Law defines the term "sale" and establishes 4 alternatives:
"Sale", with respect to a right in real estate, whether for consideration or without consideration –
(1) granting, transferring, or relinquishing a right in real estate;
(2) the granting of a right to receive a right in real estate, as well as the transfer or transfer of a right to receive a right in real estate or a waiver of such a right;
(3) the granting of a right to order the grant, transfer or transfer of a right in real estate or a waiver of a right in real estate, as well as the transfer or transfer or transfer of such a right to instruct or waive it;
(4) An action in an association in which the right granted in it grants its owner the power, ability or right to seize certain lands of the association in which the right is granted or if that right grants its owner the right to demand that the association hand over certain lands to its occupant;"
- For completion, it should be noted that Section 3 of the Real Estate Law, 5729-1969 (hereinafter: Real Estate Law) defines what a "lease" is within the meaning of the Real Estate Law, as follows:
"Lease of land is a right granted in exchange for holding the land and using it indefinitely; A lease for a period of more than five years will be called a "lease"; A lease for a period of more than twenty-five years will be called a "lease for generations".
- Section 9(a) The Real Estate Taxation Law deals with the purchase tax that the purchaser must pay, as part of a transaction of the sale of a right in real estate:
"(a) In the sale of a right in real estate, the purchaser will be liable for real estate purchase tax (hereinafter – purchase tax); The purchase tax will be at the rate of the sale value or in a fixed amount, according to the type of sale or the real estate, all as determined by the Minister of Finance with the approval of the Knesset Finance Committee..."
- Section 85(a) The Real Estate Taxation Law, which deals with "assessment amendment", states:
"(a) The Director may, whether on his own initiative or at the request of a person who paid tax, amend an assessment made in accordance with section 78(b) or (c) or in accordance with section 82, within four years from the date it was approved as a self-assessment or from the date an assessment was determined according to the best judgment, as the case may be, in any of the following cases: