I'm the share holder in the company, and I'm guaranteeing personally for the company's debts.

As part of the guarantee I've collateral my private real estate properties. Recently, the company was in economical difficulties and failed to fulfill the loan redemption. Hence, the receiver appointed by the creditors decided to fulfill my private real estate property. I've been told that due to this sell, I'll be obligated to pay taxes. Is there a possibility to reduce to a minimum the tax reliability of the property

selling?

  Newspaper article created in Hebrew and published in Makor Rishon on 28/08/2009.