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Morocco Rental Income Taxation 2026: Unfurnished, Furnished, Capital Gain

Updated on May 16, 202611 min read

Rental income in Morocco is subject to income tax (IR) under distinct rules depending on whether you rent UNFURNISHED (real estate income — article 67 CGI) or FURNISHED (non-commercial profession income BNC — article 30 CGI). Regime choice directly impacts your tax burden: for identical rents, furnished rental typically saves 10 to 20% IR vs unfurnished thanks to a more generous flat allowance (50% vs 40%). At property resale, capital gain is also taxed (20% if held < 6 years, 30% if land converted to construction, exemption if primary residence > 6 years).

1. 1. Unfurnished vs furnished rental: distinct tax regimes

Moroccan CGI distinguishes 2 main tax regimes.

Unfurnished rental — real estate income, 40% allowance

Regime applicable to any property rented without furniture. Taxable base: annual gross rent × 60%. The 60% balance subject to IR at progressive scale.

Furnished rental — BNC, 50% allowance

Regime applicable if property is rented WITH furniture. Tax regime: Non-Commercial Profits (BNC). Taxable base: gross rent × 50%.

Special case — Airbnb short-term rental

Tax regime identical to furnished (BNC 50% allowance). BUT VAT obligation if annual turnover exceeds MAD 500,000.

2. 2. Detailed IR calculation by profile

IR on rental income adds to your global IR.

2026 IR scale reminder

Bracket 1: 0 to MAD 30,000 = 0%. Bracket 2: 30,001 to 50,000 = 10%. Bracket 3: 50,001 to 60,000 = 20%. Bracket 4: 60,001 to 80,000 = 30%. Bracket 5: 80,001 to 180,000 = 34%. Bracket 6: > 180,000 = 38%.

Example 1 — Employee MAD 12,000/month + 1 unfurnished apartment MAD 6,000/month

Annual income: salary MAD 144,000 + gross rent MAD 72,000. Taxable salary: MAD 109,000. Rent taxable base: MAD 43,200 (60%). Total taxable: MAD 152,200. IR ~ MAD 34,548.

Example 2 — Unfurnished vs furnished comparison same rent MAD 72,000

UNFURNISHED: rent base MAD 43,200, marginal IR ~ MAD 14,700. FURNISHED: rent base MAD 36,000, IR ~ MAD 12,240. Furnished savings vs unfurnished: MAD 2,460/year (16.7%).

Example 3 — MRE with foreign pension + 1 rental apartment

France pension MAD 275,000/year. Casa rent MAD 84,000/year. Pension benefits 80% allowance. IR ~ MAD 15,700 (5.7% of gross income — very advantageous).

3. 3. Capital gain at resale: 2026 rules

When selling real estate in Morocco, capital gain is taxable under specific rules.

Tax rates by holding duration

Holding < 6 years: 20% on net capital gain. Holding ≥ 6 years with constructed property: 30%. PRIMARY RESIDENCE inhabited > 6 years: TOTAL EXEMPTION (article 63 CGI).

Taxable capital gain calculation

Gross capital gain = Sale price - Acquisition price (revalued). Acquisition fees + improvement works added to purchase price. Example: purchase MAD 1.2M + MAD 80k fees + MAD 150k works = MAD 1.43M. Resale MAD 1.73M. Net gain MAD 300k. IR: 20% × 300k = MAD 60k.

Capital gain declaration and payment

ADC-080 declaration filed within 30 DAYS after deed signing. Notary withholds at source. Every seller must obtain "fiscal clearance" from DGI before deed signing.

4. 4. 2026 charges and legal optimizations

Legal optimizations to reduce taxable base.

Charges INCLUDED in flat allowance

40% (unfurnished) / 50% (furnished) allowance includes flatly: co-ownership charges, local TH/TSC taxes, PNO insurance, management fees, vacancy, regular maintenance.

Improvement works ADDED to purchase price

Works increasing property value (extension, raising, heavy renovation) added to purchase price for capital gain calculation. KEEP all invoices throughout holding duration.

Property dismemberment and donation

Advanced estate strategy: give bare ownership to children while keeping usufruct. Tax advantages: avoids future capital gain, reduces death transfer duties.

Investment via real estate SARL

For significant rental estates (5+ properties, > MAD 10M total value), creating a dedicated real estate SARL allows: real accounting with effective deduction of ALL charges, IS taxation 20-25% on net profit, easier family transfer.

5. 5. 2026 reporting obligations

Every landlord-owner has 3 main annual reporting obligations to DGI.

Annual global income declaration ADC 010 (before March 31)

Mandatory annual form. Specific section for real estate income and BNC. Declare: annual gross rent, tenant identity, rental duration. Online filing via SIMPL-IR.

Sale declaration ADC 080 (within 30 days)

Mandatory at each real estate sale. Declaration in duplicate. Mentions: sale price, purchase price + fees + works, calculated capital gain.

Fiscal clearance prior to any sale

Mandatory document to obtain from DGI BEFORE deed signing. Certifies you're up-to-date on all taxes. Free request, issuance delay 15-30 days.

6. FAQ

Q.How is rental income taxed in Morocco 2026?
Unfurnished rental: real estate income, 40% flat allowance, 60% balance subject to IR at progressive scale. Furnished rental: BNC regime, 50% allowance. Furnished savings vs unfurnished: ~ 10-20% IR.
Q.Is it better to rent a property unfurnished or furnished in Morocco 2026?
Tax-wise, furnished rental more advantageous. BUT constraints: furniture purchase, faster wear, more active management if short-term Airbnb. Recommendation: unfurnished for long-term tenants, furnished for Airbnb.
Q.What are real estate capital gain tax rates in Morocco 2026?
Holding < 6 years: 20% on net capital gain. Holding ≥ 6 years with constructed property: 30%. PRIMARY RESIDENCE inhabited > 6 years: TOTAL EXEMPTION (article 63 CGI).
Q.Can real charges be deducted from rental income in Morocco 2026?
No, unlike France. 40% (unfurnished) / 50% (furnished) flat allowance covers ALL charges. No real deduction system for individuals.
Q.Must an MRE declare Moroccan rents in country of residence?
Per bilateral tax treaty. For France MREs: 1970 treaty (art. 6) attributes real estate income taxation to property location country (Morocco). Informational declaration in France without additional taxation.
Q.How to declare rental income in Morocco 2026?
Annual declaration ADC 010 filed before March 31. Online filing via SIMPL-IR. For each rented property: address, surface, gross annual rent, tenant identity, lease duration.
Q.Is investment via real estate SARL tax-advantageous in Morocco 2026?
Yes for significant estates (5+ properties, > MAD 10M). SARL advantages: real accounting, IS 20-25% on profit, easier family transfer. Not relevant for 1-2 properties.

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