Estate Duty Act 1929 · 2020 Revised Edition · Part 4 · Aggregation and Value of Property
26. Value of interests ceasing on death
Feedback & supportThe value of the benefit accruing or arising from the cesser of an interest ceasing on the death of the deceased shall —
on the death
“on the death” includes at a period ascertainable only by reference to the death;
if the interest extended to the whole income of the property, be the principal value of that property; and
property
“property” includes movable and immovable property of any kind situate or being in Singapore and the proceeds of sale thereof respectively, and any money or investment for the time being representing the proceeds of sale; and, in the case of a deceased person who was at the time of his death domiciled in Singapore, includes movable property wherever it may be;
if the interest extended to less than the whole income of the property, be the principal value of an addition to the property equal to the income to which the interest extended.