Is there any thing else I need to know about tax in Morocco?
There is a double tax treaty between the UK and Morocco to ensure that Capital Gains Tax (TPI) is not paid in both countries. In Morocco, TPI is 20% of the profit with a minimum 3% of the sale price. If you sell your property after ten years of ownership, you are fully exempt from TPI. Owners who sell their property after five years but within ten years are subject to TPI of 10% of any capital gain over 1 million DRH (€’80 65,000). There are no death duties as long as the property stays within the family (however, it is advisable to seek professional tax advice as individual circumstances and company purchases of property can alter your tax liabilities).
