Quote:
Originally Posted by camel with three humps
Lurcher
I reckon things are getting worse over there (with regard to bureaucracy, corruption, dishonesty etc)
With money in the system the above comes. Morocco has to ensure that matters dealt in this manner has to be a thing of the past.
By the way did you try and resolve the matter with the Tax man in the Moroccan manner ??????
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Actually we will be able to outline it all in more detail once the whole matter is sorted out and we find out what, if any, funds they will allow us to have!
Regarding the capital gains tax (TPI) - Correct me if I am wrong, but I don't know of any European tax system which taxes ALL home sellers - even on the sale of their principal residence. The UK has a very favourable capital gains tax policy, even more favourable than in France, as there are allowances which can be offset against the tax due. Nor do I know of any country which charges tax on non-existent profits! They are virtually saying ''You are dishonest. You are lying about the price you sold your property for so we will charge you on the profits we say you have made.''