Because of the unique concept, style and facilities of Al Johara it is therefore difficult to produce direct competitors with which to make comparisons as few have as good a location offering fantastic views of the Atlas Mountains, nor do they have the extensive facilities of Al Johara.

Al Johara pre-release prices are clearly very substantially below the average for comparable Marrakech property. Discounts of this size guarantee clients’ immediate and substantial instant equity.

These discounts also give clients a secure exit strategy and security for their money. A property purchase at Al Johara is a fantastic investment because you will be buying at a substantial (30%) pre-release discount, in a significantly rising market which is in an early development stage.

Al Johara quality is as high as its best competitors, and considerably higher than most, further guaranteeing exceptional value for money, and have the added value of being designed by renowned architect Elie Mouyal, whose designs are known to add 20% to the properties value.

Air Conditioning
Individual wall mounted units with their own hand held controls in all main rooms. In very large rooms there will be more than 1 unit as required.

Telephone
Maroc Telecom landline telecom connection will be provided in every property. Owners will need to become subscribers to trigger connection and will then be billed individually.

Electricity
There is no connection charge to the local ‘One’ supply utility. Properties are metered and owners will receive their own individual bills.

Broadband
All properties and most of the site is a free to use wireless network.

Water
There is no connection charge to the local water supply utility. Properties are metered and owners will receive their own individual bills.

Taxes on Rental Income (Impots sur les Revenus Fonciers)
The rental income is the sum of all revenues received in Morocco from rented properties and fall within the scope of the Income Tax. Such revenues are taxable on a progressive basis as per the table below, after an automatic tax rebate of 40%. Please see below the current rates after the automatic 40% rebate.

Important Note for buyers:
Tax exemptions : Non-resident buyers are exempt from taxes on rental income for the first 3 years from the date of receipt of the licence of first occupation. Those individuals that are not renting their properties will not be subject to this tax as there is no presumption of income in Morocco

Communal Tax (Taxe d´Edilite)
The base for the calculation of this tax is 10% of the achieved rental value of the property. For those properties that are not rented, the tax is calculated at 10% on an estimated rental value which is approx. 3% of the purchase value.

Tax exemptions : Buyers are exempt from Communal tax for the first year from the date of receipt of the licence of first occupation.

Urban Tax (Taxe Urbaine)
The base for the calculation of this tax is the estimated rental value (approx. 3% of the purchase value) upon which the following rates are applicable:

Important Note for buyers:
Tax exemptions : Non-resident buyers are exempt from Urban taxes for the first 5 years from the date of receipt of licence of first occupation. Please note that Urban Tax is only paid if you DO NOT rent the property and its value is calculated on the estimated rental value given by the Authorities (3% of purchase value).

Should the owner occupy permanently the property, the Tax Urbaine will be paid, but with a rebate of 75%.

Additional Tax
This tax amounts to 5% of the Communal Tax.

Summary of annual taxes

A) If the property is rented :
- Taxes on rental income (Revenus fonciers)
- Communal tax (Taxe d’Edilité)
- Additional tax

B) If the property is not rented:
- Urban tax (Taxe Urbaine)
- Communal tax (Taxe d’Edilité)
- Additional tax

Capital Gain Tax (Taxe sur le Profit Immobilier “TPI”)
The capital gains tax (Taxe sur le Profit Immobilier) is calculated on the NET profit realized upon completion (hence all expenses relating to the acquisition, maintenance, refit and resale of the property in question are deductible, including marketing costs but should never exceed 15% of the original acquisition price).

The tax due will then be either calculated as 20% of the net profit or as 3% of the declared resale price, whichever is higher.

OTHER TAXES

Death duties or Inheritance tax
The Moroccan Government does not levy taxes upon death. The simple procedure to register the property in the name of the beneficiaries of a deceased holder of Moroccan property will be for the beneficiaries to submit the certified copies of the official documents appointing them as beneficiaries to a local Notary and he will draft the appropriate document with the name of the new beneficiaries for its registration at the local Land Registry.

This Tax Information is courtesy of www.legalgroup.com