Estate Duty (Amendment) Bill

by deleting the definition of “Minister” appearing therein; and

by deleting the words “and immovable property situate anywhere in Malaysia” appearing at the end of the definition of “property” therein.

by deleting paragraph (d) thereof and substituting therefor the following: —“(d)in the case of any person dying on or after the 4th day of July, 1941, and before the 9th day of November, 1955, at the graduated rates set forth in the Fourth Schedule to this Ordinance;”; and

by adding the following new paragraphs thereto: —“(e)in the case of any person dying on or after the 9th day of November, 1955, and before the 1st day of January 1965, at the graduated rates set forth in the Sixth Schedule to this Ordinance;

in the case of any person dying on or after the 1st day of January 1965, and before the 9th day of August, 1965, —

who was at the date of death domiciled elsewhere than in Singapore or the States of Malaya, Sabah or Sarawak, at the graduated rates set forth in the Sixth Schedule to this Ordinance; or

who was at the date of death domiciled in Singapore or the States of Malaya, Sabah or Sarawak, at the graduated rates set forth in the Seventh Schedule to this Ordinance;

in the case of any person dying on or after the 9th day of August, 1965, at the graduated rates set forth in the Sixth Schedule to this Ordinance.”.

by deleting the expression “or that payment will be made by instalments under section 37” appearing in the sixth and seventh lines of subsection (1) thereof and substituting therefor the expression “under section 39A of this Ordinance”; and

by inserting at the end of the marginal reference thereto the words “or postponement granted”.

The Commissioner may allow payment of the whole or any part of the estate duty to be postponed until after the issue of probate or letters of administration —

where the estate duty affidavit contains the statement and undertaking specified in subsection (2) of section 26 of this Ordinance; or

where the estate duty due in respect of any property cannot be raised at once without excessive sacrifice; or

where the estate duty due in respect of any property cannot be raised without the sale of assets of the estate; or

where assets of the estate in the form of debts due to, or money held for or on behalf of, the estate cannot be got in until the grant of representation has been obtained; or

where, in any other case, the Commissioner is satisfied that it is reasonable to allow payment to be postponed.(2) The onus of proving any of the circumstances mentioned in subsection (1) of this section shall rest on the accountable person, and postponement of payment shall be subject to such conditions (including the payment of interest) and to the giving of such security and undertakings, as the Commissioner may think fit.”.

If Death Occurred Before the 1ST Day of January, 1965, Wherever Domiciled; (2) If Death Occurred on or After the 1ST Day of January, 1965, and Before the 9TH Day of August, 1965, Where the Deceased Was Domiciled Outside Singapore and the States of Malaya, Sabah or Sarawak; (3) If Death Occurred on or After the 9TH Day of August, 1965, Wherever DomiciledPrincipal value of the Estate. Rate of Duty. $ For every dollar of the first 10,000 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 4,000,000 60 per cent.SEVENTH SCHEDULE(Section 6 (1)).Rates of Estate Duty in the Case of Persons Dying on or After the 1ST Day of January, 1965, and Before the 9TH Day of August, 1965, Where the Deceased Was Domiciled in Singapore or the States of Malaya, Sabah or SarawakPrincipal value of the Estate. Rate of Duty. $ For every dollar of the first 25,000 NilFor every dollar of the next 25,000 5 per centFor every dollar of the next 50,000 71/2 per centFor every dollar of the next 50,000 10 per centFor every dollar of the next 50,000 121/2 per centFor every dollar of the next 100,000 15 per centFor every dollar of the next 100,000 20 per centFor every dollar of the next 200,000 25 per centFor every dollar of the next 200,000 30 per centFor every dollar of the next 200,000 35 per centFor every dollar of the next 500,000 40 per centFor every dollar of the next 500,000 45 per centFor every dollar exceeding 2,000,000 50 per cent.”.

If Death Occurred Before the 1ST Day of January, 1965, Wherever Domiciled; (2) If Death Occurred on or After the 1ST Day of January, 1965, and Before the 9TH Day of August, 1965, Where the Deceased Was Domiciled Outside Singapore and the States of Malaya, Sabah or Sarawak; (3) If Death Occurred on or After the 9TH Day of August, 1965, Wherever DomiciledPrincipal value of the Estate. Rate of Duty. $ For every dollar of the first 10,000 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 4,000,000 60 per cent.