-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 BaKjGiVZOxBMQN9oCom3hubALmzQrUNa/ZCfQnWaJ5xNcxXd8O+gVV7EV/SHOZyl
 9X9qyPYj+6AHeRxu3hTPBg==

<SEC-DOCUMENT>0001343076-06-000001.txt : 20060320
<SEC-HEADER>0001343076-06-000001.hdr.sgml : 20060320
<ACCEPTANCE-DATETIME>20060320165517
ACCESSION NUMBER:		0001343076-06-000001
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20051031
FILED AS OF DATE:		20060320
DATE AS OF CHANGE:		20060320

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Kessler Seymour
		CENTRAL INDEX KEY:			0001349269

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21320
		FILM NUMBER:		06699142

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		516 393 5874

	MAIL ADDRESS:	
		STREET 1:		C/O MAGNA-LAB INC.
		STREET 2:		6800 JERICHO TURNPIKE #120W
		CITY:			SYOSSET
		STATE:			NY
		ZIP:			11791

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MAGNA LAB INC
		CENTRAL INDEX KEY:			0000895464
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845]
		IRS NUMBER:				113074326
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0228

	BUSINESS ADDRESS:	
		STREET 1:		6800 JERICHO TURNPIKE, SUITE 120W
		CITY:			SYOSSET
		STATE:			NY
		ZIP:			11791
		BUSINESS PHONE:		(516) 393 5874

	MAIL ADDRESS:	
		STREET 1:		6800 JERICHO TURNPIKE, SUITE 120W
		CITY:			SYOSSET
		STATE:			NY
		ZIP:			11791
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2005-10-31</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000895464</issuerCik>
        <issuerName>MAGNA LAB INC</issuerName>
        <issuerTradingSymbol>magla.ob</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001349269</rptOwnerCik>
            <rptOwnerName>Kessler Seymour</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O MAGNA-LAB INC.</rptOwnerStreet1>
            <rptOwnerStreet2>6800 JERICHO TURNPIKE #120W</rptOwnerStreet2>
            <rptOwnerCity>SYOSSET</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>11791</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2005-10-31</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>142035</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>5417</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>142035</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Represents accrued unpaid compensation forfeited by the reporting person pursuant to a settlement agreement with the issuer.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Seymour Kessler, by Keith Moskowitz, attorney-in-fact</signatureName>
        <signatureDate>2006-03-20</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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