Quote:
Originally Posted by camel with three humps
I am no expert on Moroccan Tax affairs. I however know that any transfer on the death of one of the owners The property passes Tax free to the other. This is in so far as tax goes
In view of the above I personally, don't see the need for buying in both names. I do not know under Moroccan law as to what is the distribution position between off springs, second, third wife & there off springs etc.
As, Morocco has adopted the French system, I suppose that the lenders/notary may insist on it.
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I believe there are tax advantages of purchasing in joint names eg. on sale you could both claim your annual exemptions for capital gains tax (uk Tax) and also if you rent out the property, the income can be shared for tax purposes which may be beneficial depending on your respective income positions.