Namibia

Will in Namibia

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Inheritance tax and inheritance law in Namibia

Taxation Researcher | May 25, 2022

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.

INHERITANCE

There are no inheritance taxes in Namibia.

Transfer Duty
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.

TRANSFER DUTY ON PROPERTY 2019-2022

PROPERTY VALUE, NAD (US$)

 TAX RATE
Up to 600,000 (US$42,857) 0%
600,000 - 1,000,000 (US$71,429) 1% on band over US$42,857
1,000,000 - 2,000,000 (US$142,857) 5% on band over US$71,429
Over 2,000,000 (US$142,857) 8% on all value over US$142,857

  

Namibia - More data and information

Comments
author

Francois du Toit | May 11, 2010

Dear Sir,I need the email address of Master of the
High Court Namibia. Hope you will be able to help
me with that. Thank you.

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