Estate Duty (Prescribed Forms) Rules 1997

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No. S 512

Estate Duty Act

(Chapter 96)

Estate Duty (Prescribed Forms) Rules 1997

In exercise of the powers conferred by sections 35(2) and (4) and 54(1) of the Estate Duty Act, the Minister for Finance hereby makes the following Rules:

Citation and commencement

1. These Rules may be cited as the Estate Duty (Prescribed Forms) Rules 1997 and shall come into operation on 28th November 1997.

Forms of affidavit

2. The affidavit referred to in section 35(2) of the Act shall —

(a)

be in Form 1 set out in the Schedule where at the time of death of the deceased —

(i)

the deceased did not have an interest in any business, or private company, in Singapore or a share in an estate under administration in Singapore;

(ii)

the deceased, if domiciled in Singapore, did not have an interest in any movable property outside Singapore;

(iii)

the aggregate value of all dwelling-houses (not used wholly or partly for the purposes of any trade, business, profession or vocation by any person) owned by the deceased does not exceed —

(A)	$3 million in relation to a person dying on or after 1st April 1984 but before 28th February 1996; or
(B)	$9 million in relation to a person dying on or after 28th February 1996; and

(iv)

the gross value of all other property of the deceased at the time of his death does not exceed —

(A)	$500,000 in relation to a person dying on or after 1st April 1984 but before 28th February 1996; or
(B)	$600,000 in relation to a person dying on or after 28th February 1996; and

(b)

in any other case —

(i)	be in Form 2 set out in the Schedule where the deceased (whether domiciled in Singapore or elsewhere) only had property in Singapore; or
(ii)	be in Form 3 set out in the Schedule where the deceased was domiciled in Singapore and had property in Singapore and movable property outside Singapore.

Form of account

3. The Form of account referred to in section 35(4) of the Act shall be in Form 4 set out in the Schedule.

Made this 14th day of November 1997.

KOH YONG GUAN

Second Permanent Secretary,
Ministry of Finance,
Singapore.

[MF(R) R26.1.03 Vol. 3; AG/LEG/SL/96/96/1 Vol. 1]

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