Morocco

Individual - Significant developments

Last reviewed - 14 September 2020

Exemption from real estate profit tax

The Finance Act for 2020 provides for the tax exemption of the sale of a building or part of a building occupied as a principal residence by its owner or by members of real estate companies deemed transparent before the expiry of the six-year period (i.e. period after which the sale of a principal residence is tax exempted) under the following conditions:

  • A commitment to reinvest the sale price in the acquisition of a building intended as a principal residence within a period not exceeding six months from the date of sale of the first building intended as a principal residence.
  • The taxpayer may benefit from this exemption only once.
  • The transfer price of the above-mentioned building must not exceed MAD 4 million.

This provision is applicable to sales realised as of 1 January 2020.