Epsilon Investment House Ltd. can be added to the list of plaintiffs seeking a refund on their local property taxes (arnona) from the Tel Aviv municipality for their premises in the Ramat Aviv Mall. Epsilon filed suit with the Tel Aviv Magistrates Court for a NIS 200,000 refund on its 620-square meter office in the office tower above the mall.
Epsilon claims that the Tel Aviv municipality raised the local property taxes by more than the legal maximum by reclassifying the properties from zone 3, the cheapest, to zone 1, the most expensive. The investment house has joined other tenants in the Ramat Aviv Mall is suing the municipality. The mall's owner, Africa-Israel Investments Ltd. (TASE:AFIL; Pink Sheets:AFIVY), is demanding a NIS 4.3 million tax refund.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment