I'm not sure what the exact copyright status of Master and Margarita is, but Wikipedia has a link to a website that has the full text of the 1967 Michael Glenny translation as well as the 1997 Pevear AND Volokhonsky translation. There's also several sites that have a pdf of the Pevear and Volokhonsky translation which claim it is released under the Creative Commons license.
Make of it what you will.
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