Botswana Inheritance-Inheritance tax and law

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Aug 23, 2008

Inheritance tax and law

ESTATE DUTY

Estate duty is levied on the estate of the deceased person at progressive rates. An inheritance received by a spouse is not taxable.

ESTATE DUTY
TAX BASE, BWP (US$)	TAX RATE
Up to 60,000 (US$8,433)	5%
60,000� 90,000 (US$12,649)	12.50% over US$8,433
90,000 � 120,000 (US$16,865)	18.75% over US$12,649
Over 120,000 (US$16,865)	25% on all value over US$16,865
Source: Global Property Guide

Capital Transfer Tax

Capital transfer tax is levied on the gratuitous transfer of property by way of inheritance and donations. The beneficiaries are liable to pay and the tax is based on the market value of the property.

CAPITAL TRANSFER TAX
TAX BASE BWP (US$)	TAX RATE
Up to 100,000 (US$14,054)	2%
100,000 - 300,000 (US$42,163)	3% on band over US$14,054
300,000 � 500,000 (US$70,271)	4% on band over US$42,163
Over 500,000 (US$70,271)	5% on all value over US$70,271
Source: Global Property Guide

Botswana - more data and information

» How high is income tax on residents in Botswana?

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