1964_ESTATE_DUTY_ORDINANCE — Page 22

1983 Ed.]

Estate Duty

[CAP. 111

21

(c) any share or other interest of a deceased member of a

company registered in a leeal or branch register kept out of s the Colony under the Companies Ordinance; (Amended, 29 of 1970, s. 3)

Hong

Konq

(Cap. 32.)

31/90510

(d) property situate in the New Territories, other than New Kowloon, where the principal value of the estate does not exceed $2,000 or the minimum principal value for which a rate for the payment of estate duty has been provided under the applicable Schedule, whichever is the greater, and property situate elsewhere in the Colony, where the 31/1 principal value of the estate does not exceed the minimum principal value for which a rate for the payment of estate duty has been provided under the applicable Schedule; (Replaced, 47 of 1962, s. 4)

(e) any temple for the worship of ancestors, situate in the New Territories, other than New Kowloon, registered in the name of the manager of a clan, family or t'ong, and so much of any clan, family or t'ong property similarly registered as is used for the maintenance of such temple; ( Added, 38 of 1935, s. 2)

(f) any other temple in the New Territories, other than New Kowloon, certified by the Secretary for District Adminis- tration to be a Chinese temple as defined in section 2 of the Chinese Temples Ordinance, and so much of any property as is used for the maintenance of such temple; (Added, 38 of 1935, s. 2. Amended, L.N. 94/74, L.N. 370/81 and L.N. 14/83)

(Cap. 153.)

(g) property devised or bequeathed by the deceased or other- wise passing on the death of the deceased to or for the benefit in the Caloy of any charitable institution or trust 31/9010 of a public character, or to the Government, or the Urban Couneit, for charitable purposes. (Added 29 of 1970,

s. 3. Amended, 74 of 1981, s. 3)

10A. (1) Estate duty shall not be payable in respect of Exception for property-

(a) which was, immediately before the death of the deceased-

(i) a residence owned by him and occupied solely by him exclusively for residential purposes; and

(ii) the matrimonial home of the deceased and his spouse; and

A

(b) which is devised or bequeathed by the deceased, of other- wise passes on his death, to or for the benefit of his spouse.

(2) For the purposes of subsections (1) and (3)-—

(a) property shall be deemed to be a residence and deemed to be capable of being a matrimonial home if the property is the exclusive right to enjoy the residence together with the

matrimonial home.