Estate Duty Act(CHAPTER 96)
Table of Contents
Long Title
Part I PRELIMINARY
1 Short Title
2 Interpretation
3 Presumptions
4 Appointment of Commissioner, etc.
5 Taking of oath
Part II ESTATE DUTY
6 Estate duty imposed
7 Remission of estate duty
8 What property is deemed to pass
9 Property not deemed to pass. Trust property
10 Transaction for money consideration
11 Small annuities
12 Duty not payable for person not domiciled or resident in respect of certain property
13 Requests to institutions
14 Dwelling houses and all other property
15 Property of national or scientific interest given for public purposes
16 Property on enlargement of settlor’s interests
17 Relief in respect of certain life interests
Part III COMPANIES
18 Interpretation
19 Transfer of assets to certain companies
20 Transfers to certain companies of settled property
21 Liablility of companies to account for duty
22 Valuation by reference to assets
Part IV AGGREGATION AND VALUE OF PROPERTY
23 Aggregation of property to form one estate for purpose of estate duty
24 Principal value
25 Interests in expectancy
26 Value of interests ceasing on death
27 Allowance for debts and funeral expenses
28 Deduction of duty paid in other countries
Part V LIABILITY FOR ESTATE DUTY
29 Duty to be a first charge
30 Liability of executor
31 Raising estate duty by sale, mortgage or terminable charge
32 Payment of duty with Government stock or debentures
33 Apportion of estate duty
34 Limitation of liability
Part VI COLLECTION OF ESTATE DUTY
35 Filing of accounts of property
36 Interest payable on estate duty
37 Commissioner may make assessment
38 Recovery of estate duty
39 Powers of Commissioner
40 Commissioner’s certificates
41 Release of estate on which duty is paid
42 Probate not to issue until estate duty paid or postponement granted
43 Postponement of payment of estate duty in certain cases
44 Duties of company and life assurance company
45 Penalties for delay, and for inter-meddling
46 Return of duty overpaid
47 Payment of additional duty
48 Application to court
Part VII MISCELLANEOUS PROVISIONS
49 Inspection of records, etc.
50 Remission of estate duty
51 Waiver of small duty and interest
52 Reduction of penalties
53 Persons exempt from liability
54 Rules
55 Composition of duties
56 Penalty for false statement or false representation
57 Interest of deceased person in business to be notified
58 Intervention by the Commissioner in pending suits
59 Facts stated in Commissioner’s certificate need not be proved
60 Signature and service of notices
FIRST SCHEDULE Rates of estate duty in the case of persons dying on or after 1st July 1929 and before 1st January 1932
SECOND SCHEDULE Rates of estate duty in the case of persons dying on or after 1st January 1932 and before 2nd April 1940
THIRD SCHEDULE Rates of estate duty in the case of persons dying on or after 2nd April 1940 and before 4th July 1941
FOURTH SCHEDULE Rates of remission of estate duty in the case of persons dying on or after 4th July 1941 and before 9th November 1955
FIFTH SCHEDULE Rates of estate duty in the case of persons dying on or after 9th November 1955 and before 1st April 1974, and —
SIXTH SCHEDULE Rates of estate duty in the case of persons dying on or after 1st January 1965 and before 9th August 1965, where the deceased was domiciled in Singapore or the States of Malaya, Sabah or Sarawak
SEVENTH SCHEDULE Rates of estate duty in the case of persons dying on or after 1st April 1974 and before 1st April 1977
EIGHTH SCHEDULE Rates of estate duty in the case of persons dying on or after 1st April 1977 and before 1st April 1979
NINTH SCHEDULE Rates of estate duty in the case of persons dying on or after 1st April 1979 and before 1st April 1984
TENTH SCHEDULE Rates of estate duty in the case of persons dying on or after 1st April 1984
ELEVENTH SCHEDULE Rates of interest
TWELFTH SCHEDULE Rates of remission of estate duty in the case of persons dying on or after 1st April 1974 and before 1st April 1977
THIRTEENTH SCHEDULE Rates of remission of estate duty in the case of persons dying on or after 1st April 1977 and before 1st April 1984
FOURTEENTH SCHEDULE Exemptions
Legislative History