What Capital Gains Tax regulations are there?
If you sell your property within five years of purchase, you will pay Capital Gains Tax of 20% of the profit or a minimum of 3% of the selling price. The Capital Gain is worked out on the difference between the purchase price and selling price less costs, expenses and interest payments. There is no capital gains tax after 10 years and only 10% capital gains tax after 5 years. There is a Double tax treaty between UK and Morocco so you do not pay the same tax twice. Notary supervised property registration similar to Spain and France. Easy repatriation of funds should you resell in the future*. * All information provided to best of our knowledge and as a guide line only. All tax and legal issues should only be addressed by certified Tax and Legal Advisor.
