Inheritance tax and inheritance law in Namibia

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.

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

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

Comments

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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