TASE Stock Analysis
Legal notice
This is a free information tool operated by an AI model. It gathers data that has been published to the public and presents it in an organised form. The operators of this tool hold no personal interest in the securities or financial assets it mentions, and receive no consideration, commission, or benefit of any kind for presenting them. All of its outputs are produced automatically by an AI model, with no involvement, review, or approval by a licensed investment adviser.
The output is not investment advice, not investment marketing, and not a recommendation to buy, sell, or hold any security or financial asset. It is not a substitute for advice that takes account of the particular circumstances and needs of each person, and it does not consider your financial position, your investment objectives, or the risk you are able to bear. Market data may be partial, delayed, or wrong, and an AI model may err, omit data, or present a wrong conclusion. Consult a licensed adviser before any investment decision and verify every figure against the official source. All use of its output is the user's sole responsibility.
Instructions
Step 1: Identify the Analysis Type
Ask the user what kind of analysis they need:
| Type |
Hebrew |
Description |
Key Data |
| Index tracking |
מעקב מדד |
TA-35 or TA-125 index performance |
Index composition, weight, performance |
| Single stock |
ניתוח מניה |
Individual TASE-listed stock analysis |
Price, volume, fundamentals |
| Dual-listed |
חברה דואלית |
Companies listed on TASE + NASDAQ/NYSE |
Arbitrage, currency effect, tax implications |
| Maya filing |
דיווח מאי"ה |
TASE disclosure filings lookup |
Material events, financial reports, insider trades |
| Capital gains |
רווחי הון |
Tax calculation on securities gains |
25% tax rate, exemptions, offsetting losses |
Step 2: Gather Market Data
Depending on the analysis type, collect:
- Index data: Use
scripts/fetch_tase_data.py to retrieve TA-35 or TA-125 composition and weights
- Stock data: Ticker symbol (TASE uses Hebrew names or numeric codes), current price, volume
- Dual-listed data: Both TASE ticker and US ticker (e.g., NICE on TASE and NICE on NASDAQ)
- Maya filings: Company name or securities number, date range for filings
Step 3: Apply Israeli Context
For any stock analysis, layer in Israeli-specific factors:
- Bank of Israel interest rate: Current BOI rate affects valuations and sector rotation
- Shekel/Dollar exchange rate: Critical for dual-listed arbitrage and foreign exposure
- Sector composition: Israeli market heavy in banking (Hapoalim, Leumi, Discount), pharma (Teva), tech
- Market hours: TASE trades Monday-Friday. Monday-Thursday 09:59-17:14, Friday shortened session 09:59-13:50. No trading on Saturday (Shabbat) or Jewish holidays
Step 4: Calculate Capital Gains Tax (Mas Revach Hon)
When the user has sold or plans to sell securities:
| Scenario |
Tax Rate |
Notes |
| Individual, non-substantial shareholder |
25% |
Standard rate on net gain |
| Substantial shareholder (over 10%) |
30% |
Flat rate on entire gain (Section 91(b)(2)) |
| High-income individual |
+ surtax (mas yesef) |
A separate surtax applies above an annual threshold that is indexed each year (ILS 721,560 in 2026): 3% on total taxable income above the threshold, plus a further 2% from 2025 on the capital-source part above it = up to 5% on the slice over the threshold, on top of the 25%/30%. A high earner's effective rate on securities gains can reach ~30%. |
| Shares eligible for inflationary adjustment (varies by acquisition date and asset type) |
Exempt |
Only real gain is taxed, consult current regulations |
| Offsetting losses (kizuz hefsedim) |
Allowed |
Losses offset gains in same tax year |
| Foreign resident |
Treaty-dependent |
Check double taxation treaty |
Calculation:
net_gain = sale_price - purchase_price - transaction_costs
tax = net_gain * 0.25 # or 0.30 for substantial shareholder (10%+)
Step 4b: Dividend Tax (Mas al Dividend)
Dividends are taxed separately from capital gains, and every stock analysis should account for them:
- 25% for an individual non-substantial shareholder, 30% for a substantial shareholder (10%+). The same surtax (mas yesef) applies to dividend income above the annual threshold.
- Dividends are withheld at source (nikui mas bemakor) by the paying company or broker, the investor receives the net amount.
Tax withheld at source (nikui b'makor): For securities held through an Israeli broker, BOTH capital-gains tax and dividend tax are auto-withheld at source. A return may still be required to offset losses across different brokers, reclaim over-withholding, or when other mandatory-filing rules apply, so "withheld at source" does not always mean "nothing to file". For a FOREIGN brokerage (e.g. Interactive Brokers), nothing is withheld locally: the investor must pay a semi-annual capital-gains advance (mikdama) by 31 January and 31 July on gains realized in the preceding half-year (Section 91(d)), and report the gains in the annual income-tax return (its capital-gains appendix). Missing the advance accrues interest and CPI linkage. So the practical answer to "what's my tax?" depends on where the securities are held.
Losses (kizuz hefsedim): A securities capital loss offsets capital gain from ANY asset in the same year (other securities, and other capital assets such as real-estate betterment), and can also offset dividend and interest income from securities. Unused losses carry forward indefinitely to future years. There is NO annual tax-free capital-gains allowance in Israel (unlike the UK/US), every shekel of net real gain is taxable.
Tax-advantaged vehicles: Gains realized inside a keren hishtalmut, kupat gemel, or pension fund are exempt or tax-deferred, versus 25% on a direct brokerage account. When comparing an investment held directly vs. inside such a vehicle, factor this difference in.
Step 5: Evaluate Dual-Listed Opportunities
For dual-listed companies (e.g., Check Point, NICE, Teva, Sapiens):
- Compare TASE price (in NIS) vs. US price (in USD) using current exchange rate
- Account for ADR ratio (some dual-listed have different share ratios)
- Factor in different trading hours (TASE and US markets now overlap on Monday-Friday, but Friday TASE closes early at 13:50)
- Note tax treaty implications -- Israeli residents pay Israeli capital gains tax regardless of which exchange. For a share bought or sold in USD, the Israeli taxable gain is computed in shekels, so the shekel/dollar movement between purchase and sale is part of the taxable gain (not a separate FX item). US tax withheld is generally creditable against the Israeli tax under the Israel-US treaty (zikui mas zar) to avoid double taxation. The same applies to US dividends on dual-listed shares: US withholding (reduced to the treaty rate by filing a W-8BEN with the broker) is credited against the Israeli 25%/30% dividend tax
Step 6: Review Maya Filings
Check relevant disclosures on the Maya system (TASE disclosure platform):
- Immediate reports: Material events that affect stock price
- Periodic reports: Quarterly and annual financial statements
- Related party transactions: Insider trades and holdings changes
- Shelf offerings: Potential dilution events
Summarize key findings and flag any material items.
MCP Integration: Live TASE Data
For live market data, use the TASE MCP Server (skills-il/tase-mcp).
Prerequisites:
Setup:
Set the environment variable TASE_API_KEY with your API key.
Available MCP Tools:
| Tool |
What it does |
tase_list_securities |
List all traded securities |
tase_get_security |
Get security details by ID |
tase_get_security_eod |
End-of-day price data |
tase_list_indices |
List all TASE indices |
tase_get_index_eod |
End-of-day data for an index |
tase_get_index_components |
Index composition with weights |
tase_get_maya_announcements |
Maya company filings |
tase_get_management_positions |
Board and management holdings |
Note: The TASE API requires a paid subscription for some products. Without MCP, this skill provides analysis guidance using general market knowledge. With MCP, the agent fetches live market data directly from the official TASE Data Hub.
Examples
Example 1: TA-35 Index Overview
User says: "Show me the current TA-35 composition and top performers"
Actions:
- Run
python scripts/fetch_tase_data.py --index TA35
- Display top holdings by weight (Bank Hapoalim, Bank Leumi, ICL, Teva, etc.)
- Show recent performance vs. BOI interest rate context
- Note upcoming ex-dividend dates for major components
Result: Summary table of TA-35 with weights, performance, and key metrics
Example 2: Dual-Listed Arbitrage Check
User says: "Compare Check Point stock price on TASE vs NASDAQ"
Actions:
- Fetch Check Point TASE price (in NIS) and NASDAQ price (in USD)
- Convert using current BOI representative rate (sha'ar yatzig)
- Calculate premium/discount between exchanges
- Note that arbitrage is limited by settlement timing and currency conversion costs
Result: Price comparison with exchange rate analysis and practical arbitrage assessment
Example 3: Capital Gains Tax on Stock Sale
User says: "I sold Teva shares for 120,000 NIS, bought them for 80,000 NIS. What's my tax?"
Actions:
- Identify: Net gain = 120,000 - 80,000 = 40,000 NIS
- Check: Standard rate (25%) assuming non-substantial shareholder
- Calculate: Tax = 40,000 * 0.25 = 10,000 NIS
- Note: Can offset against any capital losses (hefsedei hon) from same tax year
Result: Capital gains tax of 10,000 NIS, with guidance on loss offsetting and filing
Example 4: Maya Filing Lookup
User says: "Check recent Maya filings for Bank Hapoalim"
Actions:
- Look up Bank Hapoalim on Maya (securities number 662577)
- Filter recent immediate reports and periodic filings
- Summarize material events (dividends, board decisions, regulatory actions)
- Flag any insider trading reports
Result: Summary of recent disclosures with material items highlighted
Bundled Resources
Scripts
scripts/fetch_tase_data.py -- Fetches TASE index data (TA-35, TA-125), stock quotes, and market status. Run: python scripts/fetch_tase_data.py --help
References
references/tase-api.md -- TASE API endpoints for market data, index composition, and Maya filings search. Consult when integrating live market data.references/capital-gains.md -- Israeli capital gains tax rules for securities: rates, exemptions, loss offsetting, substantial shareholder rules, and foreign resident treaty considerations.
Gotchas
- Since January 2026, TASE trades Monday through Friday (previously Sunday-Thursday). Friday sessions are shortened (09:59-13:50). Agents trained on pre-2026 data may still assume Sunday-Thursday trading and schedule queries on Sundays, which are now non-trading days.
- TASE ticker symbols follow a different format than US exchanges. Israeli stocks use numeric securities codes alongside short Hebrew names. Always verify a security number before using it by opening https://market.tase.co.il/en/market_data/security/662577 and swapping the final path segment for the code you want (662577 = Bank Hapoalim, 604611 = Bank Leumi). TASE securities also carry long-standing English alpha symbols (e.g. POLI = Hapoalim, LUMI = Leumi, TEVA, NICE, CHKP, ICL) alongside the numeric codes; prefer the alpha symbol for clarity (note Leumi's symbol is LUMI, not LEUMI). These symbols are not new, they have existed for years. Never hardcode security numbers from memory; fetch them from the TASE OpenAPI by company name.
- Equity settlement is T+1. Israel transitioned to T+1 settlement for equities; foreign investors may negotiate T+2 with their broker. The skill's pre-2024 references to T+2 across the board are stale.
- Israeli stock prices on TASE are quoted in agorot (1/100 of a shekel), not in shekels. Agents may display raw prices without dividing by 100, showing prices 100x too high.
- Dual-listed Israeli companies (e.g., Teva, Check Point) trade on both TASE and NASDAQ with different prices due to exchange rate fluctuations. Agents may not reconcile the price difference.
Troubleshooting
Error: "TASE ticker not found"
Cause: TASE uses numeric securities numbers and Hebrew names, not US-style tickers
Solution: Search by company Hebrew name or securities number (mispar niyar erech). Use Maya search for lookup.
Error: "Exchange rate mismatch for dual-listed"
Cause: Using stale or non-representative exchange rate for comparison
Solution: Use Bank of Israel representative rate (sha'ar yatzig) published daily at 15:30. For intraday, note rates are indicative only.
Error: "Capital gains calculation unclear"
Cause: Complex scenarios like partial sales, inflationary adjustments, or inherited shares
Solution: For shares eligible for inflationary adjustment (varies by acquisition date and asset type), consult current tax regulations for specific dates. For inherited shares, acquisition cost is market value at inheritance date. Consult a tax advisor (yo'etz mas) for complex cases.
1---2name: tase-stock-analysis3description: Analyze Israeli stocks on TASE (Tel Aviv Stock Exchange), track TA-35 and TA-125 indices, and evaluate dual-listed companies (TASE + NASDAQ). Use when user asks about Israeli stocks, "boorsa", "TA-35", "TASE", Maya filings, dual-listed companies, or Israeli capital gains tax on securities. Provides index composition, Maya (TASE disclosure) filings lookup, capital gains tax calculations (25% on securities), and Bank of Israel interest rate context for valuation. Do NOT use for general international stock analysis unrelated to Israel, or for cryptocurrency trading.4license: MIT5---67# TASE Stock Analysis89## Legal notice1011This is a free information tool operated by an AI model. It gathers data that has been published to the public and presents it in an organised form. The operators of this tool hold no personal interest in the securities or financial assets it mentions, and receive no consideration, commission, or benefit of any kind for presenting them. All of its outputs are produced automatically by an AI model, with no involvement, review, or approval by a licensed investment adviser.1213The output is not investment advice, not investment marketing, and not a recommendation to buy, sell, or hold any security or financial asset. It is not a substitute for advice that takes account of the particular circumstances and needs of each person, and it does not consider your financial position, your investment objectives, or the risk you are able to bear. Market data may be partial, delayed, or wrong, and an AI model may err, omit data, or present a wrong conclusion. Consult a licensed adviser before any investment decision and verify every figure against the official source. All use of its output is the user's sole responsibility.141516## Instructions1718### Step 1: Identify the Analysis Type19Ask the user what kind of analysis they need:2021| Type | Hebrew | Description | Key Data |22|------|--------|-------------|----------|23| Index tracking | מעקב מדד | TA-35 or TA-125 index performance | Index composition, weight, performance |24| Single stock | ניתוח מניה | Individual TASE-listed stock analysis | Price, volume, fundamentals |25| Dual-listed | חברה דואלית | Companies listed on TASE + NASDAQ/NYSE | Arbitrage, currency effect, tax implications |26| Maya filing | דיווח מאי"ה | TASE disclosure filings lookup | Material events, financial reports, insider trades |27| Capital gains | רווחי הון | Tax calculation on securities gains | 25% tax rate, exemptions, offsetting losses |2829### Step 2: Gather Market Data30Depending on the analysis type, collect:31- **Index data:** Use `scripts/fetch_tase_data.py` to retrieve TA-35 or TA-125 composition and weights32- **Stock data:** Ticker symbol (TASE uses Hebrew names or numeric codes), current price, volume33- **Dual-listed data:** Both TASE ticker and US ticker (e.g., NICE on TASE and NICE on NASDAQ)34- **Maya filings:** Company name or securities number, date range for filings3536### Step 3: Apply Israeli Context37For any stock analysis, layer in Israeli-specific factors:38- **Bank of Israel interest rate:** Current BOI rate affects valuations and sector rotation39- **Shekel/Dollar exchange rate:** Critical for dual-listed arbitrage and foreign exposure40- **Sector composition:** Israeli market heavy in banking (Hapoalim, Leumi, Discount), pharma (Teva), tech41- **Market hours:** TASE trades Monday-Friday. Monday-Thursday 09:59-17:14, Friday shortened session 09:59-13:50. No trading on Saturday (Shabbat) or Jewish holidays4243### Step 4: Calculate Capital Gains Tax (Mas Revach Hon)44When the user has sold or plans to sell securities:4546| Scenario | Tax Rate | Notes |47|----------|----------|-------|48| Individual, non-substantial shareholder | 25% | Standard rate on net gain |49| Substantial shareholder (over 10%) | 30% | Flat rate on entire gain (Section 91(b)(2)) |50| High-income individual | + surtax (mas yesef) | A separate surtax applies above an annual threshold that is indexed each year (ILS 721,560 in 2026): 3% on total taxable income above the threshold, plus a further 2% from 2025 on the capital-source part above it = up to 5% on the slice over the threshold, on top of the 25%/30%. A high earner's effective rate on securities gains can reach ~30%. |51| Shares eligible for inflationary adjustment (varies by acquisition date and asset type) | Exempt | Only real gain is taxed, consult current regulations |52| Offsetting losses (kizuz hefsedim) | Allowed | Losses offset gains in same tax year |53| Foreign resident | Treaty-dependent | Check double taxation treaty |5455Calculation:56```57net_gain = sale_price - purchase_price - transaction_costs58tax = net_gain * 0.25 # or 0.30 for substantial shareholder (10%+)59```6061### Step 4b: Dividend Tax (Mas al Dividend)62Dividends are taxed separately from capital gains, and every stock analysis should account for them:63- **25%** for an individual non-substantial shareholder, **30%** for a substantial shareholder (10%+). The same surtax (mas yesef) applies to dividend income above the annual threshold.64- Dividends are withheld at source (nikui mas bemakor) by the paying company or broker, the investor receives the net amount.6566**Tax withheld at source (nikui b'makor):** For securities held through an Israeli broker, BOTH capital-gains tax and dividend tax are auto-withheld at source. A return may still be required to offset losses across different brokers, reclaim over-withholding, or when other mandatory-filing rules apply, so "withheld at source" does not always mean "nothing to file". For a FOREIGN brokerage (e.g. Interactive Brokers), nothing is withheld locally: the investor must pay a semi-annual capital-gains advance (mikdama) by 31 January and 31 July on gains realized in the preceding half-year (Section 91(d)), and report the gains in the annual income-tax return (its capital-gains appendix). Missing the advance accrues interest and CPI linkage. So the practical answer to "what's my tax?" depends on where the securities are held.6768**Losses (kizuz hefsedim):** A securities capital loss offsets capital gain from ANY asset in the same year (other securities, and other capital assets such as real-estate betterment), and can also offset dividend and interest income from securities. Unused losses carry forward indefinitely to future years. There is NO annual tax-free capital-gains allowance in Israel (unlike the UK/US), every shekel of net real gain is taxable.6970**Tax-advantaged vehicles:** Gains realized inside a keren hishtalmut, kupat gemel, or pension fund are exempt or tax-deferred, versus 25% on a direct brokerage account. When comparing an investment held directly vs. inside such a vehicle, factor this difference in.7172### Step 5: Evaluate Dual-Listed Opportunities73For dual-listed companies (e.g., Check Point, NICE, Teva, Sapiens):741. Compare TASE price (in NIS) vs. US price (in USD) using current exchange rate752. Account for ADR ratio (some dual-listed have different share ratios)763. Factor in different trading hours (TASE and US markets now overlap on Monday-Friday, but Friday TASE closes early at 13:50)774. Note tax treaty implications -- Israeli residents pay Israeli capital gains tax regardless of which exchange. For a share bought or sold in USD, the Israeli taxable gain is computed in shekels, so the shekel/dollar movement between purchase and sale is part of the taxable gain (not a separate FX item). US tax withheld is generally creditable against the Israeli tax under the Israel-US treaty (zikui mas zar) to avoid double taxation. The same applies to US dividends on dual-listed shares: US withholding (reduced to the treaty rate by filing a W-8BEN with the broker) is credited against the Israeli 25%/30% dividend tax7879### Step 6: Review Maya Filings80Check relevant disclosures on the Maya system (TASE disclosure platform):81- **Immediate reports:** Material events that affect stock price82- **Periodic reports:** Quarterly and annual financial statements83- **Related party transactions:** Insider trades and holdings changes84- **Shelf offerings:** Potential dilution events8586Summarize key findings and flag any material items.8788### MCP Integration: Live TASE Data8990For live market data, use the **TASE MCP Server** ([skills-il/tase-mcp](https://github.com/skills-il/tase-mcp)).9192**Prerequisites:**93- TASE Data Hub API key (register through https://www.tase.co.il/he/content/products_lobby/data_services, some products are paid)94- MCP server installed: `npx github:skills-il/tase-mcp`9596**Setup:**97Set the environment variable `TASE_API_KEY` with your API key.9899**Available MCP Tools:**100| Tool | What it does |101|------|-------------|102| `tase_list_securities` | List all traded securities |103| `tase_get_security` | Get security details by ID |104| `tase_get_security_eod` | End-of-day price data |105| `tase_list_indices` | List all TASE indices |106| `tase_get_index_eod` | End-of-day data for an index |107| `tase_get_index_components` | Index composition with weights |108| `tase_get_maya_announcements` | Maya company filings |109| `tase_get_management_positions` | Board and management holdings |110111**Note:** The TASE API requires a paid subscription for some products. Without MCP, this skill provides analysis guidance using general market knowledge. With MCP, the agent fetches live market data directly from the official TASE Data Hub.112113## Examples114115### Example 1: TA-35 Index Overview116User says: "Show me the current TA-35 composition and top performers"117Actions:1181. Run `python scripts/fetch_tase_data.py --index TA35`1192. Display top holdings by weight (Bank Hapoalim, Bank Leumi, ICL, Teva, etc.)1203. Show recent performance vs. BOI interest rate context1214. Note upcoming ex-dividend dates for major components122Result: Summary table of TA-35 with weights, performance, and key metrics123124### Example 2: Dual-Listed Arbitrage Check125User says: "Compare Check Point stock price on TASE vs NASDAQ"126Actions:1271. Fetch Check Point TASE price (in NIS) and NASDAQ price (in USD)1282. Convert using current BOI representative rate (sha'ar yatzig)1293. Calculate premium/discount between exchanges1304. Note that arbitrage is limited by settlement timing and currency conversion costs131Result: Price comparison with exchange rate analysis and practical arbitrage assessment132133### Example 3: Capital Gains Tax on Stock Sale134User says: "I sold Teva shares for 120,000 NIS, bought them for 80,000 NIS. What's my tax?"135Actions:1361. Identify: Net gain = 120,000 - 80,000 = 40,000 NIS1372. Check: Standard rate (25%) assuming non-substantial shareholder1383. Calculate: Tax = 40,000 * 0.25 = 10,000 NIS1394. Note: Can offset against any capital losses (hefsedei hon) from same tax year140Result: Capital gains tax of 10,000 NIS, with guidance on loss offsetting and filing141142### Example 4: Maya Filing Lookup143User says: "Check recent Maya filings for Bank Hapoalim"144Actions:1451. Look up Bank Hapoalim on Maya (securities number 662577)1462. Filter recent immediate reports and periodic filings1473. Summarize material events (dividends, board decisions, regulatory actions)1484. Flag any insider trading reports149Result: Summary of recent disclosures with material items highlighted150151## Bundled Resources152153### Scripts154- `scripts/fetch_tase_data.py` -- Fetches TASE index data (TA-35, TA-125), stock quotes, and market status. Run: `python scripts/fetch_tase_data.py --help`155156### References157- `references/tase-api.md` -- TASE API endpoints for market data, index composition, and Maya filings search. Consult when integrating live market data.158- `references/capital-gains.md` -- Israeli capital gains tax rules for securities: rates, exemptions, loss offsetting, substantial shareholder rules, and foreign resident treaty considerations.159160## Gotchas161- Since January 2026, TASE trades Monday through Friday (previously Sunday-Thursday). Friday sessions are shortened (09:59-13:50). Agents trained on pre-2026 data may still assume Sunday-Thursday trading and schedule queries on Sundays, which are now non-trading days.162- TASE ticker symbols follow a different format than US exchanges. Israeli stocks use numeric securities codes alongside short Hebrew names. **Always verify a security number before using it** by opening https://market.tase.co.il/en/market_data/security/662577 and swapping the final path segment for the code you want (662577 = Bank Hapoalim, 604611 = Bank Leumi). TASE securities also carry long-standing English alpha symbols (e.g. POLI = Hapoalim, LUMI = Leumi, TEVA, NICE, CHKP, ICL) alongside the numeric codes; prefer the alpha symbol for clarity (note Leumi's symbol is LUMI, not LEUMI). These symbols are not new, they have existed for years. Never hardcode security numbers from memory; fetch them from the TASE OpenAPI by company name.163- **Equity settlement is T+1.** Israel transitioned to T+1 settlement for equities; foreign investors may negotiate T+2 with their broker. The skill's pre-2024 references to T+2 across the board are stale.164- Israeli stock prices on TASE are quoted in agorot (1/100 of a shekel), not in shekels. Agents may display raw prices without dividing by 100, showing prices 100x too high.165- Dual-listed Israeli companies (e.g., Teva, Check Point) trade on both TASE and NASDAQ with different prices due to exchange rate fluctuations. Agents may not reconcile the price difference.166167## Troubleshooting168169### Error: "TASE ticker not found"170Cause: TASE uses numeric securities numbers and Hebrew names, not US-style tickers171Solution: Search by company Hebrew name or securities number (mispar niyar erech). Use Maya search for lookup.172173### Error: "Exchange rate mismatch for dual-listed"174Cause: Using stale or non-representative exchange rate for comparison175Solution: Use Bank of Israel representative rate (sha'ar yatzig) published daily at 15:30. For intraday, note rates are indicative only.176177### Error: "Capital gains calculation unclear"178Cause: Complex scenarios like partial sales, inflationary adjustments, or inherited shares179Solution: For shares eligible for inflationary adjustment (varies by acquisition date and asset type), consult current tax regulations for specific dates. For inherited shares, acquisition cost is market value at inheritance date. Consult a tax advisor (yo'etz mas) for complex cases.
skills-il