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Immovable Property Transfer Duty Calculator
Botswana applies a transfer duty tax on immovable property in 2023 when the value exceeds P 200,000.00. This free online calculator allows you to calculate the tax duty due on your property, resident, non-resident and includes agricultural equipment.
The Botswana Immovable Property Transfer Duty Calculator is designed to allow free online calculations of property transfer tax in Botswana for residents and non-residents who are affected by transfer duty on agricultural equipment. The calculator factors in the Immovable property allowance and calculates the total tax due for the transfer of immovable property in Botswana in 2023. Once you have calculated the tax due, you can print the document or email the tax document to yourself for later reference.
If you found the Botswana Immovable Property Transfer Duty Calculator useful, we kindly request that you rate the calculator, if you would like to add feedback it is very welcome. We would also be grateful if you could share the tool on your favourite social media platform, sharing helps us to further develop and refine the calculators on iCalculator and keep them free for all to use, without your support, we may need to close down this service or charge for it in the future, please help us to keep this free for all to use.
How to Calculate Transfer Duty on Immovable Property in Botswana
You can calculate Immovable Property Transfer Duty (IPTD) in Botswana by multiplying the sum of the property minus the IPTD allowance by the appropriate IPTD rate. We have included the IPTD formula for Botswana so that you can calculate the IPTD manually or update your systems with the relevent IPTD rates in Botswana. The latest IPTD rates in Botswana for 2023 are displayed in the table below the IPTD formula. For those who prefer to use the Botswana IPTD Calculator rather than calculate IPTD manually, we have included a step-by-step guide to using the IPTD calculator, see the guide under "How to use the Botswana IPTD Calculator".
Botswana Immovable Property Transfer Duty formula
Immovable Property Transfer Duty in Botswana is calculated using the following tax formula:
Where:
- IPTD = Immovable Property Transfer Duty.
- a = The immovable property value in Botswana.
- b = The immovable property allowance in Botswana.
- c = The relevent rate of Immovable Property Transfer Duty in Botswana associated with the property.
Immovable Property Transfer Duty Rates and Allowances in Botswana
The table below specifies the relevent immovable property transfer duty rates applicable in Botswana, these were last updated in line with the published IPTD rates in 2023.
| IPTD Rate | IPTD Description |
|---|---|
| 5% | Standard transfer rate |
| 30% | Non-resident tranfer rate for agricultural equipment |
How to use the Botswana IPTD Calculator
You can view the calculator inline or full screen. The inline view displays the calculator surrounded by the normal menus and links to other tools and supporting information. The full screen view removes or the unnecessary information so you can focus solely on using the Botswana IPTD Calculator. The following step-by-step guides to calculating immovable property transfer duty online with the Botswana IPTD Calculator covers all the functions within the IPTD calculator:
- Select Normal View or Full Screen View.
- Enter the Property Price.
- Enter the Appropriate Transfer Duty Rate.
- Press "Calculate IPTD".
If you found the IPTD calculator for Botswana useful, you will probably find our suite of tax calculators and salary calculators for Botswana very useful. There are some really good calculators for calculating tax and salary after tax online.