Inheritance tax and law
April 28, 2016
The Global Property Guide looks at inheritance from two angles: taxation, and what inheritance laws apply to foreigners leaving property in Namibia: what restrictions there are and whether making a will is advisable.
There are no inheritance taxes in Namibia.
Transfer of property is subject to transfer duty. Transfer is generally levied at a flat rate of 12% on the value of property.
For individuals, transfer duty is levied at progressive rates. The transfer duty rates vary, depending on the property classification.