What are the taxation rules in the country?
Both the UK and the USA have double tax treaties with Morocco, which ensures that Capital Gains Tax (TPI) is not paid in both countries. In Morocco, TPI is 20% of the profit with a minimum of 3% of the sales price. If you sell your property after 10 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 ( 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).
