Estate Duty in Singapore

December 1, 2021
Estate Duty in Singapore

Estate Duty
Estate duty is a tax on the total market value of a person’s assets at the date of the death.

Estate duty in Singapore has been removed for deaths on and after 15 Feb 2008.

For deaths before 15 Feb 2008:
Whether a person has a Will or not, the assets are still subject to estate duty upon death. The deceased’s assets, as a whole, are called an estate.

A person’s estate includes:

  1. All assets owned by the person in his or her sole name;
  2. The deceased person’s share of assets owned jointly with others;
  3. Gifts made within 5 years before his or her date of death;
  4. Gifts made anytime from which he or she retains some benefits.

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