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Morocco property Morocco, the farthest west point in the Arab world, is becoming a hotspot property investment destination. Investing in Morocco property involves researching the legal and ownership issues, taxation and rental options. Discuss and debate these issues with investors who have bought a property in Morocco and share your views and opinions

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Tax Implications of owning property - Page 2

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  #11  
Old 09-08-2008, 08:00 PM
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Hi Tangier - irt would be helpful if you gave some details rather than a scare story?
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  #12  
Old 14-08-2008, 10:52 PM
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Originally Posted by bess View Post
Hi Tangier - irt would be helpful if you gave some details rather than a scare story?

What the agents tell you about owning a property in Morocco Tax property tax rental its not true.

You must own yor property NOW for 8yrs or more-not to pay any tax. when i had my house it was 5yrs. i sold it after 5yrs but was told that i still had to pay 20% tax.

Thats all the Agents will try and do is sell you the property then thats it.

Now i rent my property.

Its up to you thats what a moroccan will say its your money.

And thats true??????
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Old 07-10-2008, 04:53 PM
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Originally Posted by Tangier View Post
Hi i have been there and done it its not like he has said it will do your head in now i have sold my property i am going to invest in spain ????? good luck
Me too! Buyers beware - the Moroccan Government steals from you as much as other individuals. Our property was sold for a genuine, 100% declared, amount, and then we were hit by the bombshell of a revision of TPI tax on 50,000 euros extra of non-existent 'profit' as they said the house was worth more than we sold it for when property prices were rising monthly and the sale of the house had taken 5 months to complete!
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  #14  
Old 08-10-2008, 06:10 PM
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Originally Posted by lurcher21 View Post
Me too! Buyers beware - the Moroccan Government steals from you as much as other individuals. Our property was sold for a genuine, 100% declared, amount, and then we were hit by the bombshell of a revision of TPI tax on 50,000 euros extra of non-existent 'profit' as they said the house was worth more than we sold it for when property prices were rising monthly and the sale of the house had taken 5 months to complete!
Like is said its one tax for us and one tax for a moroccan it makes me sad that thay want the investment but thay want to take all the tax.

The agents here tell you no tax to pay for 5yrs ( this is not True ) as soon as you buy a property the Tax Bill starts and with a not a moroccan name its on the value on the house ( when i had my house i was paying 2500,dh the house next door owner Moroccan was paying 300dh per year)

Let me tell you if you sell your Property for a loss or the same price as you paid for it you will have to pay a TAX.

Thay will not accept that you have not made a profit on the sale of the property...

In Morocco the agent and the builder will ask you to declare Half Dont .............
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