Being instrumental in getting the
estate duty abolished way back in 1985, Dr.
According to the Observer, Mrs MacGregor was liable for
estate duty of PS142,103, almost PS9 million today.
It also cited judgement in Lt Col Nawabzada Amir Khan vs collector of
estate duty, Karachi, where the court held: 'A review by its nature was not an appeal or rehearing merely on the ground that one party or another conceived himself to be dissatisfied with the decision of the court.'
Then followed stamps relating to Common Law Court Fees, Probate, (overprinted Chancery),
Estate Duty, Bankruptcy, Probate, Land Registry and Company Winding-up Fees to name but a few.
Regarding
estate duty, in this case if you are a British national, the situation might get a bit more complicated, since the question of domicile rests on the British Government should it consider that you are domicile in the UK, it will not let go its inheritance and other taxes which British pay unless you can prove otherwise.
In order to attract the wealthy to move to Singapore, the government has lowered taxes on the rich including eliminating the
estate duty and capital gains tax while it has increased the costs for average citizens through, for instance, Goods and Services Tax (GST), which is presently 7 per cent.
Which current UK tax developed from Capital Transfer Tax, which replaced
estate duty in 1975?
It was due to his efforts that the
estate duty in India was abolished in the year 1985.