What is the Capital Gains Tax situation in Morocco?
Capital Gains Tax (TPI) is 20% of the profit, with a minimum of 3% of the sale price. There is a double tax treaty between the UK and Morocco to ensure that this is not paid in both countries. Morocco real estate sold after more than 10 years ownership are fully exempt from TPI. Marrakech Properties sold after more than 5 years ownership but less than 10 years are subject to TPI of 10% of any capital gain over 1 million DRh (about €90,000). Retirees are particularly enticed by the fact that tax exemption is an attractive 80%, provided that their pension is still being transferred from England.
Capital Gains Tax (TPI) is 20% of the profit, with a minimum of 3% of the sale price. There is a double tax treaty between the UK and Morocco to ensure that this is not paid in both countries. Morocco real estate sold after more than 10 years ownership are fully exempt from TPI. Moroccan properties sold after more than 5 years ownership but less than 10 years are subject to TPI of 10% of any capital gain over 1 million DRh (about €90,000). Retirees are particularly enticed by the fact that tax exemption is an attractive 80%, provided that their pension is still being transferred from England.
