What is the Capital Gains Tax situation?
Capital Gains Tax (TPI) is either 20% of the profit or a maximum 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. 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 £62k).
