Property in Morocco

[MoroccoProperty]

Morocco seems to be the up and coming destination for tourism.
The Moroccan government is keen to encourage foreign property owners and offer the following incentives to purchasers.

• No rental tax for the 1st 5 years of ownership
• No capital gains tax if the profit is below £40,000
- 20% thereafter.
• After 10 years ownership capital gains tax is nil.
• No inheritance tax if property passes to a family member
• Full repatriation of funds if a property is sold.

It is said to be the new Costa del Sol. I wonder what the local will feel once the tourists start taking over??

Caz
http://www.morocco-property.com

[Malik]

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