Marrakech villas for sale    

If you sell your property within five years of purchase, you will pay Capital Gains Tax of 20% of the profit or a minimum of 3% of the selling price. The Capital Gain is worked out on the difference between the purchase price and selling price less costs, expenses and interest payments. There is no capital gains tax after 10 years and only 10% capital gains tax after 5 years.

Double tax treaty between UK and Morocco so the gain is only taxed once.
Local mortgages available from 50% at a rate of 7%.
No Inheritance Tax in Morocco if the property is left to family members.
Retired people residing in Morocco, only pay 5% tax on their pensions remitted to Morocco.

You will need to open a Convertible Dirham Bank Account; you will need to supply a written reference from your home bank and your passport. We have a very good relationship with Banque Credit & Industrie Marocain (BMCI), a subsidiary of Paribas and can help you with your account.

In Morocco the Notary is the legal advisor for all Real Estate transactions and guarantees the rights of the buyer and seller, acting for both parties. The purchase and legal costs are a percentage of the price and are as follows:
Registration Fee 2.5%
Notary Fee 0.5%
Land Registry Fee 1.5%
Notary Fee 1%
Sundry Expenses 0.5%
Total approx 6%