Estate Duty (Amendment) Bill

Bill No. 7/1980

Read the first time on 26th February 1980.

An Act to amend the Estate Duty Act (Chapter 137 of the 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, 1980.

Amendment of section 6

2. Subsection (1) of section 6 of the Estate Duty Act (hereinafter in this Act referred to as the principal Act) is amended —

(a)

by inserting, immediately after the words “1st day of April 1977” in paragraph (i), the words “and before the 1st day of April 1979”;

(b)

by deleting the full-stop at the end of paragraph (i) and substituting a semi-colon, and by inserting immediately thereafter the following paragraph: —

“(j)	in the case of any person dying on or after the 1st day of April 1979 — at the graduated rates set forth in the Thirteenth Schedule to this Act.”.

Amendment of section 6A

3. Section 6A of the principal Act is amended by deleting subsection (3) and substituting the following: —

“(3) There shall be allowed in respect of the principal value, as ascertained in accordance with the provisions of this Act, of all property which passes on the death of a person on or after the 1st day of April 1977, a remission of estate duty at the rates set out in the Eleventh Schedule to this Act.”.

New section 10C

4. The principal Act is amended by inserting, immediately after section 10B, the following section: —

“Dwelling-houses and all other property

10C.—(1) Subject to this section estate duty shall not be payable to the extent of —

(a)	two hundred thousand dollars of the aggregate value of the deceased’s interest in a dwelling-house or dwelling-houses, whether occupied by the deceased or not; and
(b)	one hundred thousand dollars of the aggregate value of all other property, including any dwelling-house which does not qualify for relief under paragraph (a),

and the amount thereof shall not form part of the principal value of the estate chargeable with estate duty of any person dying on or after the 1st day of April 1979.

(2) Where the value of the interest in any dwelling-house or dwelling-houses which qualifies for relief under paragraph (a) of subsection (1) exceeds two hundred thousand dollars, the excess value shall not qualify for relief under paragraph (b) of subsection (1).

(3) Any dwelling-house —

(a)	used wholly or partly for the purposes of any trade, business, profession or vocation by any person at the time of death of the deceased; or
(b)	passing on the death of the deceased by virtue of paragraph (c) of section 7 of this Act,

shall not qualify for the relief under paragraph (a) of subsection (1).

(4) For the purpose of this section, “dwelling-house” includes any building or tenement, or any part thereof, which is used, constructed or adapted to be used for human habitation.”.

New section 46A

5. The principal Act is amended by inserting, immediately after section 46, the following section: —

“Waiver of small duty and interest

46A. Where it appears to the Commissioner that the amount of any estate duty or additional duty or interest thereon to which any person is liable does not exceed —

(a)	in the case of estate duty or additional duty, ten dollars; and
(b)	in the case of interest thereon, five dollars,

he may waive the payment of the duty or interest, as the case may be.”.

Amendment of Ninth Schedule

6. The Ninth Schedule to the principal Act is amended by inserting, immediately after the words “1ST APRIL 1977”, the words “AND BEFORE 1ST APRIL 1979”.

Amendment of Eleventh Schedule

7. The Eleventh Schedule to the principal Act is amended by deleting the words “in excess of $100,000” in the first column.

New Thirteenth Schedule

8. The principal Act is amended by inserting, immediately after the Twelfth Schedule, the following Schedule: —

“THIRTEENTH SCHEDULE

Section 6(1)(j).

Rates of Estate Duty in the Case of Persons
Dying on or After 1ST April, 1979

Principal value of the estate.

Rate of duty.

For every dollar of the first

...

15,000

5 per cent

For every dollar of the next

...

25,000

7¹/₂ per cent

For every dollar of the next

...

25,000

10 per cent

For every dollar of the next

...

25,000

12¹/₂ per cent

For every dollar of the next

...

50,000

15 per cent

For every dollar of the next

...

50,000

20 per cent

For every dollar of the next

...

100,000

25 per cent

For every dollar of the next

...

100,000

30 per cent

For every dollar of the next

...

100,000

35 per cent

For every dollar of the next

...

250,000

40 per cent

For every dollar of the next

...

250,000

45 per cent

For every dollar of the next

...

1,000,000

50 per cent

For every dollar of the next

...

2,000,000

55 per cent

For every dollar exceeding

...

3,990,000

60 per cent

Note:

No estate duty is payable in respect of dwelling-houses to the extent of $200,000 and in respect of all other property to the extent of $100,000 — vide section 10C.

”.

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