A network suspected of shipping drugs from Spain to France by parcel was dismantled during a police operation coordinated by Europol. Investigators discovered cash, narcotic products and documents linked to real estate properties in Morocco .
Moroccan expatriates settled in Morocco who sell real estate in France must anticipate tax procedures . Capital gains, tax representative, notary and specific declarations can complicate a sale that was otherwise prepared from a distance.
A 29-year-old man, presented as a close associate of the Maes clan , was killed Wednesday morning in Sevran, Seine-Saint-Denis. The victim was targeted by an armed commando that fired around thirty bullets.
The investigation into DZ Mafia’s finances opens a lead that also passes through Morocco. Marseille investigators are interested in considerable flows in cryptocurrencies, notably via the account of a Marseille student who returned to live in Morocco.
MREs living in Morocco but owning significant real estate assets in France may be subject to the real estate wealth tax. The threshold to consider is 1.3 million euros of taxable net assets.
A decree published in the French Official Journal modifies the conditions for access to personal housing assistance for non-EU foreign students . Moroccan students enrolled in France may be affected, depending on their situation.
Moroccan property owners in France must verify their occupancy declaration. In case of tenant change, vacant property or second home , the tax administration must be informed.
A succession between France and Morocco is not always settled solely in Morocco. When a property, an heir, or part of the estate remains linked to France, the French tax authorities may still be involved.
MREs domiciled fiscally in France must pay attention to income earned in Morocco . Rental income, interest, pensions or professional income may need to be declared to French tax authorities, even when they have already been received abroad.
During an intense heat wave in Courbevoie, a 51-year-old building caretaker of Moroccan origin saved an 88-year-old tenant in the nick of time . Thanks to his vigilance, this former activities coordinator from Agadir prevented a tragedy during these extreme temperatures.
MREs who live in Morocco but rent out real estate in France are not necessarily outside the scope of French tax authorities. Rental income from a property located in France must be declared , even when the owner resides abroad.
MREs domiciled fiscally in France must declare their bank accounts opened in Morocco . Forgetting to do so can be costly, even if the account generates no income or is used only for family expenses.