• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Friday, July 11, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
26 °c
Windhoek
22 ° Wed
25 ° Thu
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
TB image banner 750x140
Home Latest

Understanding Property Taxes in Namibia: A Q&A with NamRA

by editor
March 7, 2025
in Latest
5
A A
206
SHARES
3.4k
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

In Episode 18 of The Property Buyers Guide, Justina Hamupembe, also known as YourHomeGirl, sits down with Ms. Loide Hamutumwa from The Namibia Revenue Agency (NamRA) to discuss the tax laws and financial obligations involved in purchasing property.

You might also like

India-Namibia trade tops N$14.2 billion as Modi calls for deeper ties

NIPAM launches the Public Sector Awards

Fitch sees stable future for NamWater despite weak operating conditions

Whether you’re buying for personal use or investment, understanding tax implications can help you avoid surprises and plan your finances effectively.

Q1: What are the key taxes associated with purchasing property?

Loide:
When purchasing a property, the following taxes apply:

Transfer Duty – A tax payable to NamRA under the Transfer Duty Act No. 14 of 1993. It is charged on the value of the property and must be paid when ownership is transferred to the buyer.

Stamp Duty – A tax under the Stamp Duty Act No. 15 of 1993, applied to legal instruments such as property transfer documents.

Income Tax – Under the Income Tax Act No. 24 of 1981, any profit earned from selling a property or rental income is subject to income tax.

VAT (Value Added Tax) – Payable under the VAT Act No. 10 of 2000, applicable to property sales if the seller is VAT-registered (for example, a developer selling newly built homes).

Q2: What are the tax implications for buying a home for personal use versus investment?

Loide:

Personal Use:

  • If the property is purchased as a primary residence, there are no recurring tax obligations aside from transfer duty and stamp duty.
  • If the property value is below N$1.1 million, no transfer duty is payable.
  • If an employer provides housing assistance, part of the monthly installment may be tax-exempt under Section 16A of the Income Tax Act (if the employer has an approved scheme).

Investment Property (Rental or Airbnb):

  • Rental income is subject to income tax, and investors must declare rental income and expenses.
  • Certain expenses like maintenance, rates, and repairs can be deducted before tax.
  • If the property is owned by a company, the corporate tax rate applies instead of individual tax rates.

Q3: When and how should new property owners submit tax returns?

Loide:

For Personal Use:

  • Homeowners must submit their annual tax return and declare under Schedule 24 that they reside in the property.

For Investment Properties:

  • Owners must declare rental income under Schedule 9 (Rental Schedule) in their annual tax return.

Deadlines:

  • Tax returns must be submitted on time as per the law to avoid penalties.

Tip: If you’re unsure about any tax obligations, NamRA encourages property owners to send queries to legalservices@namra.org.na for a constructive tax ruling (s).

Conclusion

Justina wrapped up the episode by stressing the importance of understanding property-related taxes. Whether you’re a homeowner or investor, knowing your tax obligations helps you plan better and avoid unexpected liabilities.

Stay tuned for more expert insights next week on The Property Buyers Guide!

Home Loans 5X7 Strip Ads 01
author avatar
editor
See Full Bio
Share82Tweet52Share14
Previous Post

NamWater and AfDB launch N$665 million Rundu Water Treatment Plant Extension project

Next Post

N$200 million MR 44 upgrades to boost Namibia’s logistics hub ambitions

Recommended For You

India-Namibia trade tops N$14.2 billion as Modi calls for deeper ties

by reporter
July 10, 2025
0
India-Namibia trade tops N$14.2 billion as Modi calls for deeper ties

India-Namibia bilateral trade has exceeded N$14.2 billion (US$ 800 million), Indian Prime Minister Narendra Modi announced during an address to the Namibian Parliament, reaffirming his country’s commitment to...

Read moreDetails

NIPAM launches the Public Sector Awards

by reporter
July 9, 2025
0
NIPAM launches the Public Sector Awards

The Namibia Institute of Public Administration and Management (NIPAM) will host its first-ever Public Sector Awards on 11 July 2025 at the NIPAM Campus in Windhoek. This groundbreaking...

Read moreDetails

Fitch sees stable future for NamWater despite weak operating conditions

by reporter
July 7, 2025
0
Fitch sees stable future for NamWater despite weak operating conditions

Fitch Ratings has affirmed Namibia Water Corporation (NamWater) Limited’s long‑term foreign‑ and local‑currency issuer default ratings at BB‑ with a stable outlook. According to the report, despite operating...

Read moreDetails

NAMCOR posts N$1.26 billion loss, debt stands at N$1.6 billion

by reporter
July 6, 2025
0
NAMCOR posts N$1.26 billion loss, debt stands at N$1.6 billion

The National Petroleum Corporation of Namibia (NAMCOR) has posted a net loss of N$1.26 billion for the 2022/23 financial year, largely due to the underperformance of its trading...

Read moreDetails

NamRA rules out extension to individual tax return deadline

by reporter
June 30, 2025
0
NamRA rules out extension to individual tax return deadline

The Namibia Revenue Agency (NamRA) maintains that 30 June remains the official deadline for submitting individual income tax returns, urging taxpayers to file without delay. Speaking on the...

Read moreDetails
Next Post
N$200 million MR 44 upgrades to boost Namibia’s logistics hub ambitions

N$200 million MR 44 upgrades to boost Namibia’s logistics hub ambitions

Related News

Helena Mootseng appointed NCCI Interim CEO as Charity Mwiya’s term ends

Helena Mootseng appointed NCCI Interim CEO as Charity Mwiya’s term ends

October 8, 2024
Namibia ready to partner with EU to meet its carbon goals

Namibia ready to partner with EU to meet its carbon goals

October 24, 2023

Namibia set for N$$20bn EU investment in new strategic partnership

October 25, 2023

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • Namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.