| Re: Two lots of Taxes?
A lot more investors are now buying overseas property to add to their existing portfolio. Like these other investors, you too will have to pay tax on your Morocco property even though you don't bring any money back to the UK. They payment will be made to the tax authorities in Morocco and this will then be needed to be declared to the UK Inland Revenue.
However, there is a double tax treaty in place between Morocco and the UK and this protects the investor from being liable for both income tax and capital gains tax in both countries. |