US Ambassador s house in Herzliya sold for $67.6m
The Israel Tax Authority has published the price of the sale, which beat the previous record amount paid for a home in Israel.
The US Ambassador to Israel s residence in Herzliya was sold for $67 million, AP reports. Earlier this week the Israel Tax Authority, which has public records for all real estate deals in Israel, posted that the house at 40 Galei Tachelet Street in Herzliya Pituah was sold on July 31 for NIS 230,353,536, or $67.6 million according to that day s exchange rate of 3.408.
This figure slightly exceeds the previous record amount paid for a house in Israel when Russian-Israeli billionaire Roman Abramovich bought a home several streets away in Herzliya Pituah from British hedge fund manager Alan Howard for NIS 226 million.
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Cash and carry
An oligarch with $160,000 cash, and a man smuggling $40,000 in fish are among those caught at the airport bringing unreported cash into Israel, the tax authority reports.
In October 2018, the Israel Tax Authority s customs officers at Ben Gurion Airport s arrivals Masada VIP Lounge found $160,000 (NIS 582,000) in cash on Russian-Israeli billionaire Valery Kogan. By law he was obliged to have reported any amount above NIS 50,000 that he was bringing into the country.
This was one of 96 such cases in the first half of 2018 that the Israel Tax Authority Committee for imposing Financial Sanctions was required to rule on that was released for publication earlier this week.
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A Border Police officer stands guard next to the US ambassador s official residence in Herzliya, September 9, 2020. (AP Photo/Sebastian Scheiner, File)
AP The United States sold the ambassador’s residence in Israel for more than $67 million in July, according to an official Israeli record of the sale, which the State Department only confirmed several weeks later without detailing the implications for American taxpayers.
The State Department confirmed the sale in September but refused to identify the buyer or disclose the sale price of the sprawling beachfront compound in the upscale Tel Aviv suburb of Herzliya. It has also declined to say how much the US government is now paying to lease the property.
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