No income Tax on the rent (double Taxation agreement applies so no UK Tax will apply) - note I am only looking at high quality property within a low rise, low density mega resort (classy though) with 3 18 hole golf courses, hospital, equestrian center, polo pitch, water parks, gucci and other leading retailers on sight, 800 berth marina, and my property has a 60 year mooring berth (very rare) all fully managed including the rent side, forested green area, full security, restaurants, cinemas, Olympic pools, bowling alley, shopping center - all very tastefully done in Moroccon style by UK and Spanish builders - so renting will be easy).
*Capital Gains Taxed @ 20% in first 5 years. Between 5 - 10 years its 10%. After 10 years its 0.
*
The King has announced 'plan Azur', which aims to have Morocco become a premier destination by 2010.
*Huge developments - Dubai style are underway backed by none other than Emaar Properties
*An 8km tunnel will link Gibralter to Tangiers by 2008
Thanks
Desmond