Property Tax in Morocco
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Property Tax in Morocco
In order to attract foreign investors, the government has introduced some tax reforms which are more favourable to foreign direct investment.
Capital gains tax of 20% applies if the property is sold within 5 years, 10% if sold within 10 years and 0% capital gains tax is incurred if the property is sold after 10 years. A double taxation agreement exists between the UK and Morocco so capital gains are only payable once.
Inheritance tax does not apply if the property is left to a family member and there is no annual property tax paid for the first 5 years, after this the tax payable relates to the amount of rental income received by the property owner.
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