Did you move to Israel in 2007? If so, this is for you! In mid-2008, as part of the country’s 60th birthday celebrations, the government introduced legislation to encourage people to move to Israel and for Israelis living abroad to “come home”. Backdating the legislation to those who first became resident in Israel for tax purposes (see more here) from 1st January 2007, anyone meeting the definition of a First Time Resident (i.e. oleh chadash) or Veteran Returning Resident (those who were non-resident in Israel for at least 10 years before returning [5 years if returning in 2007-2009]) were given an exemption from both