1964_ESTATE_DUTY_ORDINANCE — Page 71

HK Historical Laws 香港歷史法例 All AI Reviewed
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70

CAP. 111]

Estate Duty

[1983 Ed.

Grant of prior assurances

7. Where at any time a transfer of property has been made by any person to a company to which section 35 applies the company may apply to the Commissioner for an assurance that the provisions of that section will not be applied on the death of such person by reason only of such transfer and the Commissioner may if he is satisfied that the transfer and any associated operations were effected bona fide for commercial reasons and such transfer and any associated operations have not been effected with the purpose of avoiding estate duty payable upon such death, give such an assurance.

(Added 1 of 1959, s. 12. Amended 47 of 1962, s. 14; 24 of 1967, s. 6; 37 of 1970, s. 5; 27 of 1972, s. 6; 24 of 1974, s. 5; 31 of 1976, s. 6; 31 of 1977, s. 6; 33 of 1980, s. 5; 29 of 1981, s. 8; and 28 of 1982, s. 3.

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70 CAP. 111] Estate Duty [1983 Ed. Grant of prior assurances 7. Where at any time a transfer of property has been made by any person to a company to which section 35 applies the company may apply to the Commissioner for an assurance that the provisions of that section will not be applied on the death of such person by reason only of such transfer and the Commissioner may if he is satisfied that the transfer and any associated operations were effected bona fide for commercial reasons and such transfer and any associated operations have not been effected with the purpose of avoiding estate duty payable upon such death, give such an assurance. (Added 1 of 1959, s. 12. Amended 47 of 1962, s. 14; 24 of 1967, s. 6; 37 of 1970, s. 5; 27 of 1972, s. 6; 24 of 1974, s. 5; 31 of 1976, s. 6; 31 of 1977, s. 6; 33 of 1980, s. 5; 29 of 1981, s. 8; and 28 of 1982, s. 3. 71
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70 CAP. 111] Estate Duty [1983 Ed. Grant of prior assurances 7. Where at any time a transfer of property has been made by any person to a company to which section 35 applies the company may apply to the Commissioner for an assurance that the provisions of that section will not be applied on the death of such person by reason only of such transfer and the Commissioner may if he is satisfied that the transfer and any associated operations were effected bona fide for commercial reasons and such transfer and any associated operations have not been effected with the purpose of avoiding estate duty payable upon such death, give such an assurance. ( Added, 1 of 1959, s. 12. Amended, 47 of 1962, s. 14; 24 of 1967, s. 6: 37 of 1970, s. 5: 27 of 1972, s. 6; 24 of 1974, s. 5: 31 of 1976, s. 6; 31 of 1977, s. 6: 33 of 1980, s. 5; 29 of 1981, s. 8 and 28 of 1982. 3. 71
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70

CAP. 111]

Estate Duty

[1983 Ed.

Grant of prior assurances

7. Where at any time a transfer of property has been made by any person to a company to which section 35 applies the company may apply to the Commissioner for an assurance that the provisions of that section will not be applied on the death of such person by reason only of such transfer and the Commissioner may if he is satisfied that the transfer and any associated operations were effected bona fide for commercial reasons and such transfer and any associated operations have not been effected with the purpose of avoiding estate duty payable upon such death, give such an assurance.

( Added, 1 of 1959, s. 12. Amended, 47 of 1962, s. 14; 24 of 1967, s. 6: 37 of 1970, s. 5: 27 of 1972, s. 6; 24 of 1974, s. 5: 31 of 1976, s. 6; 31 of 1977, s. 6: 33 of 1980, s. 5; 29 of 1981, s. 8 and 28 of 1982. 3. 71

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