Portofino vs Tel Aviv: Tel Aviv spares children inheritance tax

Portofino vs Tel Aviv.

Portofino and Tel Aviv tax a $1M income alike, so inheritance decides it: Tel Aviv charges a child nothing, while in Portofino a child pays 4% above €1M. 🇮🇹 Italy against 🇮🇱 Israel, compared on tax, residence, cost and the life.

In short, current to October 2026

On $1,000,000 of income, Portofino takes an effective 45% and Tel Aviv takes 45%, so Portofino leaves about $342 more in hand each year on the Patrician.ch 2026 model.
On a capital gain realized after residence begins, Portofino charges 26% and Tel Aviv charges 30%. On a $5,000,000 event that is a difference of about $200K.
Italy operates a special regime for arriving foreigners: Flat tax for new residents on foreign income under Article 24-bis, a fixed 300,000 euros a year for anyone who becomes resident from 1 January 2026, plus 50,000 euros per family member, for up to 15 years. Earlier entrants keep the 100,000 or 200,000 rate they joined on (2026 Budget Law, Law 199 of 30.12.2025). Israel operates: New immigrants under the Law of Return and veteran returning residents after 10 years abroad pay no Israeli tax on foreign income and gains for 10 years, and those arriving from 2026 must report that income. Arrivals from 5 November 2025 to the end of 2026 also get an exemption on Israeli earned income, up to ₪600K in 2026 and ₪1M a year in 2027 and 2028, tapering to 2030.
Inheritance, what a child pays: 4% above €1M in Portofino, nothing in Tel Aviv.
Route in: Portofino by Residence by investment, Lump sum residence, Founder & talent. Tel Aviv by Founder & talent.
Cost of the life is 125 in Portofino against 96 in Tel Aviv on the Patrician.ch index where Zurich is 100, and safety 9 against 9 of 10. Both are Patrician.ch editorial indices scored by us, not published statistics.

Source: the Patrician.ch board, an original ranking of 100 residence addresses across 47 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to October 2026. Updated 29 October 2026. Cite as: Patrician.ch, Portofino vs Tel Aviv: tax, residence and cost 2026, patrician.ch/compare/portofino-vs-tel-aviv/, October 2026.

Portofino, Italy — **Portofino** 🇮🇹 Italy

Tel Aviv, Israel — **Tel Aviv** 🇮🇱 Israel

	Portofino	Tel Aviv
Effective tax at $300K	43%	35%
Effective tax at $1M	45%	45%
Effective tax at $3M	46%	48%
Kept after tax at $1M	$546K	$546K
Capital gains	26%	30%
Inheritance tax, children	4% above €1M	nothing
Cost index (Zurich 100)	125	96
A 200 m² prime home, US$	$2.9M	Not published
Prestige of address (editorial)	10/10	6/10
Safety	9/10	9/10
Schools	4/10	7/10
Sun hours	2,220	3,300
Supercar street index	#59	#75
Routes in	Residence by investment, Lump sum residence, Founder & talent	Founder & talent
Net millionaire flow, 2025 forecast (country, Henley)	+3,600	n/a
Flight from London	2h 20m nonstop	4h 55m nonstop
Flight from New York	7h 55m nonstop	10h 20m nonstop

See these 2 places for your own income.Portofino and Tel Aviv, side by side on your income, passports and family. Free, in the ranking of all 100. Then the Dossier: a written report in 10 chapters on the 3 places that rank first for you. The Dossier is $500. The founding price, $250, holds until 31 October.

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Head to head

Effective income tax rate, % of income, at 3 incomes

$300K$1M$3MPortofino43%45%46%Tel Aviv35%45%48%

Note: single filer, not a US citizen

Source: Patrician.ch 2026 tax model, built on official tax authority rates

Simplified marginal model, indicative 2026 brackets, non-US single filer, no social contributions, deductions, wealth taxes, or treaties. Inheritance is shown as it falls on a child, current to October 2026.

By profile

How each profile reads.

For an executive on salary

Tax is level. Both keep $546K of $1M on this model, so the rows above decide it.

For a founder with an exit

Capital gains: Portofino 26%, Tel Aviv 30%. Portofino levies an annual wealth tax, top rate 0.2%. Tel Aviv levies none.

For a family

Tel Aviv leads on schools, a lower cost and sun. Safety is level.

PortofinoThe full page

Tel AvivThe full page Rank both on my numbersThe engine, 90 seconds

Questions

Which keeps more of a $1M income, Portofino or Tel Aviv?

Portofino, by about $342 a year on Patrician.ch's 2026 model.

Portofino takes an effective 45% of $1,000,000 and Tel Aviv takes 45%. At $3,000,000 the rates are 46% and 48%.

Which taxes capital gains less, Portofino or Tel Aviv?

Portofino, at 26% against 30% in Tel Aviv.

On a $5,000,000 liquidity event realized after residence begins, the difference is about $200K.

Which is better for inheritance, Portofino or Tel Aviv?

Tel Aviv. What a child pays: 4% above €1M in Portofino, nothing in Tel Aviv.

Italy taxes a spouse and each child at 4% above a €1,000,000 allowance each. Israel abolished estate tax in 1981.

Which is cheaper to live in, Portofino or Tel Aviv?

Tel Aviv, at 96 on the Patrician.ch cost index against 125 for Portofino, where Zurich is 100.

Safety scores 9 of 10 in Portofino and 9 of 10 in Tel Aviv, schools 4 and 7. These are Patrician.ch editorial indices, not published statistics.

The Dossier: Portofino, Tel Aviv, and the third you have not considered.A written report on the 3 places that rank first for you, on your income, a sale, your passports and your family. 10 chapters, written the moment you pay. Every tax figure carries its official source and the date it was last checked. The Dossier is $500. The founding price, $250, holds until 31 October. Refunded in full within 7 days of delivery, no reason needed.

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The income tax of Portofino and Tel Aviv, side by side on 2026 rates. Your readers type their own salary and the places reorder. Free on any site, with the credit line under it.

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<p style="margin:6px 0 0;font-size:.875em;line-height:1.4">Research by <a href="https://patrician.ch/compare/portofino-vs-tel-aviv/">Patrician.ch</a></p>

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Income tax on the published 2026 rules. Social contributions, most deductions and treaties are not modeled. Figures are for a non-US single filer. Wealth tax, an exit and your passports are added when you run the engine on your own numbers. Not advice. Residence rules change often. Verify before acting.

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