Singapore legislation

Clause 47

of Singapore Society of Accountants Ordinance

Clause 47

Exemption from estate duty

No estate duty shall be payable in respect of any amount of any bequest to the Society and the value of the property passing on the death of a deceased donor shall be deemed not to include the amount of such bequest for the purpose of fixing the rate of estate duty.

Clause 47 — Singapore Society of Accountants Ordinance