Inheritance tax and inheritance law in Namibia
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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.
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