Steve said:
"If I was buying in a foreign country (And I have, I own a property in Marbella) then I would not do so with out thoroughly making sure I had done my home work which in my case was speak to lawyers"
You are indeed right in saying that one should do their home work and I do and as there is no Utopia in certain cases you also have to take a view on things. A buyer can look at the developer, their capacity, past finished products, licences, town plans etc.
The buyer first has to have an inclination of the situation before he/she can ask. E.g if you know that a non resident can obtain mortgage, than all you have to worry about is the lenders policy & you as a risk to the lender. You cannot know that the law restricts there no's, as surely its the risk that the lender has to evaluate.
How can you know that VAT is being charged on interest rates, as no where in the world this happens and besides from principles of economics this distorts the finance market.
The same again everywhere in the world your personal belongings when imported are duty fee, but not in Morocco. So if I have my favourite chest of drawers that I have been using for years that has already been taxed will get taxed again if I take it to my property in Morocco.
Moroccan Government has been promoting as rental income is tax free for five years. Again this not true as there 20% on the rent and all the services such as cleaning etc. So its not Tax free. There is indirect tax of 20% and not income tax, at least if there was income tax you could offset your expanses. How would the buyer know that the Government will have a tax some on for e.g no of windows in your property or a floor tax as to what floor your property is constructed.
I can assure you that you can take any no of lawyers in Morocco & they will not tell you half of what I have posted above.
In the absence of a website etc, how can an end user know what question to ask. Please don't tell me about lawyers, as you have bought in Marbella & I am sure that you know very well the level of incompetence/corruption the lawyers offer and yes the client pays for it.
However the catch 20 situation is How does a buyer
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