Inheritance tax and inheritance law in Botswana
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INHERITANCE
ESTATE TAX
Estate tax is levied at progressive rates. The tax base is the estate of the deceased less expenses.
ESTATE TAX - NON-RESIDENTS 2021 |
|
| TAX BASE , BWP (US$) | TAX RATE |
| Up to 84,000 (US$8,400) | 5% |
| 84,000 – 120,000 (US$12,000) | 12.50% on band over US$8,400 |
| 120,000 – 156,000 (US$15,600) | 18.75% on band over US$12,000 |
| Over 156,000 (US$15,600) | 25% on all income over US$15,600 |
| Source: Global Property Guide | |
ESTATE TAX - NON-RESIDENTS 2020 |
|
| TAX BASE , BWP (US$) | 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 | |