Singapore legislation
Clause 3
Clause 3
Amendment of section 14
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 —
on or after 1st April 1982 to the Central Provident Fund or to any designated pension or provident fund; or
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).”.