Botswana: Inheritance
In Depth
- Overview
- Rental Yields
- Taxes and Costs
- Tax on Rent (Example)
- Landlord and Tenant
- Inheritance
- Living There
- Country Statistics
Find Property
Directory
Global Statistics
Regional Statistics
- Buy/Sell Costs
- Rental Income Tax
- Capital Gains Tax
- Landlord & Tenant Law
- GDP Per Capita
- GDP/Cap Growth 1 yr
- GDP/Cap Growth 5 yrs
- Economic Freedom
- Ec. Freedom 5 yrs
- Competitiveness
- Property Rights Index
- Currency +/- Value
Last Updated: 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
Post a comment
Subscribe to our Newsletter!
Enter your email address to sign up.
RSS
Your Comments
Be the first to comment!