Estate Duty Act 1929 · 2020 Revised Edition · Part 2 · Estate Duty
6. Remission of estate duty
Feedback & supportWhere the principal value, as ascertained in accordance with the provisions of this Act, of all property which passes on the death of a person on or after 8 March 1972 and before 1 April 1974, is —
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;
$25,000 or less, the estate duty payable in respect of that property shall be remitted in full; and
more than $25,000, that part of the estate duty payable in respect of such property which is in excess of the amount equivalent to the difference between the principal value of such property and the amount of $25,000 shall be remitted as in the following formula: where Ais the amount of the estate duty payable on the principal value of the property; Bis the amount by which the value of the estate exceeds $25,000; and Cis the amount of the estate duty to be remitted.
Where the principal value, as ascertained in accordance with the provisions of this Act, of all property which passes on the death of a person on or after 1 April 1974 and before 1 April 1977 exceeds $50,000, there shall be allowed in respect of that excess a remission of estate duty at the rates set out in the Seventh Schedule.
on the death
“on the death” includes at a period ascertainable only by reference to the death;
There shall be allowed in respect of the principal value, as ascertained in accordance with the provisions of this Act, of all property which passes on the death of a person on or after 1 April 1977 and before 1 April 1984 a remission of estate duty at the rates set out in the Eighth Schedule.