A134
Ord. No. 29/87
L.S.
ESTATE DUTY (AMENDMENT)
HONG KONG
No. 29 of 1987
I assent.
6.
ESTATE DUTY (AMENDMENT)
Ord. No. 29/87
A135
Renumbering
of Seventeenth
The principal Ordinance is amended- (a) by renumbering the Seventeenth Schedule as the Eighteenth Schedule and
Schedule;
(b) by inserting before the Eighteenth Schedule (as so renumbered) the
following Schedule-
"SEVENTEENTH SCHEDULE
(Persons dying on or after the commencement of the Estate Duty (Amendment) Ordinance 1987)
[ss. 3, 5, 14, 16, 17, 23, 24 & 27.]
insertion of new Seventeenth Schedule.
Short title and
commencement.
Amendment of
section 3.
(Cap. 111.)
Amendment of section 6.
David WILSON,
Governor.
28 May 1987
An Ordinance to amend the Estate Duty Ordinance.
[1 April 1987]
Enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof.
1. This Ordinance which may be cited as the Estate Duty (Amend- ment) Ordinance 1987, shall be deemed to have come into operation on 1 April 1987 and apply in relation to the estates of persons dying on or after that date.
2. Section 3(1) of the principal Ordinance is amended in the defini- tion of "applicable Schedule" by deleting "means the Sixteenth Schedule" and substituting the following-
"but before the commencement of the Estate Duty (Amendment) Ordinance 1987 means the Sixteenth Schedule, and in the case of persons dying on or after the commencement of the Estate Duty (Amendment) Ordinance 1987 means the Seventeenth Schedule".
3.
proviso,
Amendment of
section 35.
4.
Amendment of
Sixteenth Schedule.
Section 6(1)(c) of the principal Ordinance is amended, in the first by deleting “$50,000” and substituting the following—
"$100,000".
Section 35(4) of the principal Ordinance is amended by deleting "Seventeenth" and substituting the following—
“Eighteenth".
5. The Sixteenth Schedule to the principal Ordinance is amended by inserting after "Ordinance 1982” the following
"and before the commencement of the Estate Duty (Amendment) Ordinance 1987”.
Where the principal value of the estate
Estate duty shall be payable at the rate per cent of
$
$
Exceeds 2,000,000 and does not exceed 2,500,000.
680246∞
"
2,500,000 3,000,000
"
99
21
"
13
"}
3,000,000 3,500,000
10
"
3,500,000 4,000,000 4,500,000 5,000,000
27
"
11
>"
77
""
">
37
22
72
""
4,000,000 4,500,000 5,000,000
12
14
16
18
"
1987.
Passed by the Hong Kong Legislative Council this 27th day of May
LAW Kam-sang,
Clerk to the Legislative Council.
This printed impression has been carefully compared by me with the bill, and is found by me to be a true and correctly printed copy of the said bill.
LAW Kam-sang, Clerk to the Legislative Council.
No comments yet.
Private notes are available after approval.