The Israel Tax Authority is demanding 4.35 million shekels in capital gains tax from a foreign trust whose beneficiaries are billionaire Benny Steinmetz and his wife Agnes, following the sale of a 2-dunam villa in Arsuf for 27 million shekels to the Polg family, according to reports.
The Israel Tax Authority has reportedly issued a demand for 4.35 million shekels in capital gains tax from a foreign trust linked to billionaire Benny Steinmetz and his wife Agnes. The demand stems from the sale of a 2-dunam villa in the affluent coastal community of Arsuf for 27 million shekels to the Polg family. The trust is structured as a foreign entity, and the beneficiaries are Israeli residents, which has triggered the tax authority's enforcement action.
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