Olim, Returning Residents, and the Tax Traps People Don't See Coming with Gidon Broide - Episode 140

In this episode of Definitely Uncertain, we dive into the complexities of the Israeli tax system for those making Aliyah or returning to Israel. Join us as we sit down with Gidon Broide, Managing Partner at Broide & Co., to uncover the "tax traps" that many people don't see coming until it’s too late.Navigating a move to Israel involves significant uncertainty, and for many, the biggest challenge is not knowing what they don't know regarding their financial obligations. Gidon shares his expert insights on the most common mistakes made during this transition and how recent changes to tax reporting rules have fundamentally shifted the landscape of pre-Aliyah planning.IN THIS EPISODE, WE DISCUSS:• The most common tax issues encountered by Olim and returning residents.• How to avoid "hidden" tax traps that are often overlooked.• The impact of Israel's new tax reporting rules on your financial strategy.• Real-world examples of how costly planning mistakes can be.• Opportunities and benefits that can be captured through careful, early planning.ABOUT GIDON BROIDEGidon Broide is the Managing Partner at Broide & Co. with over 20 years of experience in audit, tax, and consulting. He is a qualified CPA in both Israel and the US and is considered a leading expert on the taxation of trusts in Israel. Gidon is also a member of STEP (Society of Trust and Estate Professionals).Learn more: https://www.broide.com/ABOUT DEFINITELY UNCERTAINSince 2020, Goldrock has produced Definitely Uncertain, The Private Wealth Podcast. The podcast helps to unravel the many uncertainties facing high-net-worth families, covering topics ranging from investment strategies and macro trends to family governance and philanthropy.ABOUT GOLDROCKGoldrock is a trusted family office advisory firm - assisting significant families in the management of their affairs and financial assets. Goldrock understands the importance of wealth preservation and risk mitigation, and has first-hand experience managing significant family events and milestones. We are strong believers that asset allocation is the key driver to investment returns. We create our own global asset allocation which is applied uniquely to each family and work with the best investment managers from around the world. Our only interests are those of the families we serve. We are a fee-only, non-discretionary adviser. The firm was established in 1998 by Daniel Goldman.Learn more: https://www.goldrockcap.com/Subscribe to stay updated on how to navigate the uncertainties of private wealth.