Estate Duty (Amendment) Bill

Bill No. 18/1987

Read the first time on 9th November 1987.

An Act to amend the Estate Duty Act (Chapter 96 of the 1985 Revised Edition).

Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows:

Short title

1. This Act may be cited as the Estate Duty (Amendment) Act 1987.

New section 13A

2. The Estate Duty Act is amended by inserting, immediately after section 13, the following section:

“Gifts to National Museum

13A. No estate duty shall be payable in respect of any gift inter vivos made on or after 1st April 1987 to the National Museum and which, if other than a gift of money, has been approved by the Minister.”.

Amendment of section 14

3. Section 14(3) of the Estate Duty Act is amended by deleting paragraph (c) and substituting the following paragraph:

“(c)

the excess over $500,000, if any, of the aggregate amount standing to the credit of the deceased at the time of his death in the Central Provident Fund or in any designated pension or provident fund except that no contributions (and the interest thereon) made by the deceased —

(i)	on or after 1st April 1982 to the Central Provident Fund or to any designated pension or provident fund; or
(ii)	on or after 1st August 1986 to the Central Provident Fund on his own account while carrying on a trade, business, profession or vocation,

shall qualify for relief under this paragraph unless the contributions were deductible by the deceased under section 39(2)(e) or (ea) of the Income Tax Act (Cap. 134).”.

Search within Legislation