Clause 6

The principal Act is hereby amended by inserting immediately after the Eighth Schedule thereto the following new Schedules: —“NINTH SCHEDULE(Section 6(1)(i)).Rates of Estate Duty in the Case of Persons Dying on or After 1ST April 1977Principal value of the estate Rate of duty $ For every dollar of the first 100,000 NilFor every dollar of the next 15,000 5 per centFor every dollar of the next 25,000 71/2 per centFor every dollar of the next 25,000 10 per centFor every dollar of the next 25,000 121/2 per centFor every dollar of the next 50,000 15 per centFor every dollar of the next 50,000 20 per centFor every dollar of the next 100,000 25 per centFor every dollar of the next 100,000 30 per centFor every dollar of the next 100,000 35 per centFor every dollar of the next 250,000 40 per centFor every dollar of the next 250,000 45 per centFor every dollar of the next 1,000,000 50 per centFor every dollar of the next 2,000,000 55 per centFor every dollar exceeding 4,090,000 60 per centTENTH SCHEDULE(Section 6A(3)).Principal value of the estate in excess of $50,000. Rates of remission of the estate duties payable. $ For every dollar of the first 20,000 90 per centFor every dollar of the next 20,000 80 per centFor every dollar of the next 20,000 70 per centFor every dollar of the next 20,000 60 per centFor every dollar of the next 20,000 50 per centFor every dollar of the next 20,000 40 per centFor every dollar of the next 20,000 30 per centFor every dollar of the next 20,000 20 per centFor every dollar of the next 20,000 10 per centELEVENTH SCHEDULE(Section 6A(4)).Principal value of the estate in excess of $100,000. Rates of remission of the estate duties payable. $ For every dollar of the first 20,000 90 per centFor every dollar of the next 20,000 80 per centFor every dollar of the next 20,000 70 per centFor every dollar of the next 20,000 60 per centFor every dollar of the next 20,000 50 per centFor every dollar of the next 20,000 40 per centFor every dollar of the next 20,000 30 per centFor every dollar of the next 20,000 20 per centFor every dollar of the next 20,000 10 per centTWELFTH SCHEDULE(Section 10B(1)).ExemptionsInstitutions.(1) University of Singapore.(2) Singapore Society of Accountants.(3) Board of Legal Education.(4) The Law Society of Singapore.”.