Inheritance tax and inheritance law in Botswana

Taxation Researcher | July 06, 2019

INHERITANCE

ESTATE TAX

Estate tax is levied at progressive rates. The tax base is the estate of the deceased less expenses.

ESTATE TAX

TAX BASE , BWP (US$) TAX RATE
Up to 18,000 (US$1,800) 0%
18,000 - 72,000 (US$7,200) 5% on band over US$1,800
72,000 - 108,000 (US$10,800) 12.50% on band over US$7,200
108,000 - 144,000 (US$14,400) 18.75% on band over US$10,800
Over 144,000 (US$14,400) 25% on all value over US$14,400
Source: Global Property Guide

Capital Transfer Tax

Capital transfer tax is levied at 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 - INDIVIUALS

TAX BASE BWP (US$) TAX RATE
Up to 100,000 (US$9,091) 2%
100,000 - 300,000 (US$27,273) 3%
300,000 - 500,000 (US$45,455) 4%
Over 500,000 (US$45,455) 5%
Source: Global Property Guide
 

Comments

Be the first to comment on this article!

Login or Register to submit a comment!
In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.