Morocco Property Forum - Property investment in Morocco - View Single Post

Prolan · 20-09-07, 11:39 PM

Hi moneyman,

I didn't notice the 5 year span in your post and moroccobound is correct in drawing your attention to tax matters. If you hang onto your property for more than 10 years ==> there is no capital gains (TPI tax) in Morocco.

If you hang onto it for more than 5 years: the capital gains tax is 10%. For any capital gain on property held less than 5 years the tax is 20%.

Inheritence tax for family members is 0% should you leave the property to one of your family members.

Tax on rental income: first three years excempt. After that you pay tax on 60% of the rental income at a rate of between 22% and 44% depending on exact location.

Please take these as guidelines only and consult a tax advisor to assess your personal circumstances.

To return to the topic of repatriating your funds: the general rule is to never part with cash...always leave a trace either via a cheque or a bank transfer. As long as your funds can be traced by the exchange commission there shouldn't be issues in repatriating the funds.

Hope this helps.

20-09-07, 11:39 PM	#5 (permalink)
Prolan Junior Member Join Date: Sep 2007 Location: Oxford UK Posts: 7	Re: Repatriation of funds Hi moneyman, I didn't notice the 5 year span in your post and moroccobound is correct in drawing your attention to tax matters. If you hang onto your property for more than 10 years ==> there is no capital gains (TPI tax) in Morocco. If you hang onto it for more than 5 years: the capital gains tax is 10%. For any capital gain on property held less than 5 years the tax is 20%. Inheritence tax for family members is 0% should you leave the property to one of your family members. Tax on rental income: first three years excempt. After that you pay tax on 60% of the rental income at a rate of between 22% and 44% depending on exact location. Please take these as guidelines only and consult a tax advisor to assess your personal circumstances. To return to the topic of repatriating your funds: the general rule is to never part with cash...always leave a trace either via a cheque or a bank transfer. As long as your funds can be traced by the exchange commission there shouldn't be issues in repatriating the funds. Hope this helps.