Wed, 21 Nov 07
Buyers who opt for a second home in Morocco can benefit from exemption from rental income tax for five years, no capital gains tax if the property is sold after 10 years, and no inheritance tax.
Morocco offers an unrivalled choice of places to live and activities to enjoy, ranging from the empty beaches of the Mediterranean coast to the ski resorts in the Atlas Mountains, as well as a variety of fascinating and historic cities.
Morocco has risen to third place on the league table of popular destinations. The ‘sand and camels’ image of
Big returns on investments
Pioneers who buy property in
Six major new resort developments form part of the Plan d’Azur backed by the country’s King Mohammed VI and the Moroccan Government in a bid to increase the annual number of tourists visiting the country from two million to ten million by 2010.
Like second home buyers, investors benefit from exemption from rental income tax for five years, no capital gains tax if the property is sold after 10 years, and no inheritance tax.
This means that European and Moroccan airlines will be able to fly between any airports in Europe and
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