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.