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Morocco: Living There - Tax Issues

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Last Updated: Jul 31, 2006

Living There

Resident individuals are subject to income tax (impôt général sur le revenue or IGR) on their worldwide income at progressive rates.

Capital Gains Tax

Capital gains from the sale of a property which has been the primary residence of the taxpayer are not subject to tax on property profits (taxe sur les profits immobiliers or TPI) under some qualifications:

  • The property has been the seller’s primary residence for at least five years if the selling price is less than MAD1 million (US$110,790)
  • The property has been the seller’s primary residence for at least eight years if the selling price is more than MAD1 million (US$110,790)

 

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