Estate Duty Ordinance Cap.111


Estate Duty Ordinance Cap.111

Estate Duty Ordinance Cap.111 (in short, Cap 111 ESO) is one of Hong Kong ordinances. It regulates the HK estate duty which was a tax imposed on capital asset - the net value of property situated in Hong Kong at the date of the taxpayer's death. It is chargeable irrespective of whether the deceased was a resident of Hong Kong.

The most common used Sections

Cap 111 EDO Section.2 Application
* This Ordinance is to apply in the case of every deceased person who dies on or after January 1, 1916 and before February 11, 2006.

Cap 111 EDO Section.3 Interpretation
* Some terms using in this Ordinance are interpretated including the following key words:
** "account" (遺產呈報表)
** "affidavit for the Commissioner" (遺產申報誓章)
** "executor" (遺囑執行人) means the executor or administrator of a deceased person.
** "property passing on the death" (去世時轉移的財產)

Cap 111 EDO Section.5 Estate duty

Cap 111 EDO Section.6 What property is deemed to pass on death

Cap 111 EDO Section.10 Exceptions for transactions with money consideration, non-HK property, stocks & certain land in the N.T. HK.

Cap 111 EDO Section.10A Exceptions for matrimonial home

Cap 111 EDO Section.12 Payment of estate duty

Cap 111 EDO Section.13 Value of property; allowance for debts and funeral expenses

Cap 111 EDO Section.16 Increase of estate duty when delay in lodging affidavit

Cap 111 EDO Section.18 Charge of estate duty on property

Cap 111 EDO Section.22 Appeal to Court of First Instance

Cap 111 EDO Section.31 Relief in respect of quick succession where property consists of leasehold property or a business

Cap 111 EDO Section.34 Controlled companies

Cap 111 EDO Section.35 Charge on assets of controlled companies

Cap 111 EDO Section.44 Value of shares and debentures of controlled companies

Cap 111 EDO Section.45 Limitation on dispositions through a controlled company in favour of relatives

Cap 111 Sched 1 Table of Estate duty rates to be payable

Reference Links

* [http://www.legislation.gov.hk/blis_ind.nsf/CurAllEngDoc?OpenView&Start=111&Count=30&Expand=111.1#111.1 Hong Kong Estate Duty Ordinance Cap.111]
* [http://www.ird.gov.hk/eng/tax/edu.htm#16 HK Inland Revenue Department: The introduction of EDO & the "Revenue (Abolition of Estate Duty) Ordinance 2005".]


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Inland Revenue Department (Hong Kong) — The Inland Revenue Department (in short, IRD) (Chinese: 稅務局) of Hong Kong Government is one of Hong Kong government departments which is responsible for the administration of the following Hong Kong taxes and duties related Ordinances and the… …   Wikipedia

  • Inheritance tax — An inheritance tax or estate tax is a levy paid by a person who inherits money or property or a tax on the estate (total value of the money and property) of a person who has died.[1] In international tax law, there is a distinction between an… …   Wikipedia

  • Japan — /jeuh pan /, n. 1. a constitutional monarchy on a chain of islands off the E coast of Asia: main islands, Hokkaido, Honshu, Kyushu, and Shikoku. 125,716,637; 141,529 sq. mi. (366,560 sq. km). Cap.: Tokyo. Japanese, Nihon, Nippon. 2. Sea of, the… …   Universalium

  • japan — japanner, n. /jeuh pan /, n., adj., v., japanned, japanning. n. 1. any of various hard, durable, black varnishes, originally from Japan, for coating wood, metal, or other surfaces. 2. work varnished and figured in the Japanese manner. 3. Japans,… …   Universalium

  • United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …   Universalium

  • Imperial cult (ancient Rome) — Ancient Roman religion Marcus Aurelius (head covered) sacrificing at the Temple of Jupiter …   Wikipedia

  • education — /ej oo kay sheuhn/, n. 1. the act or process of imparting or acquiring general knowledge, developing the powers of reasoning and judgment, and generally of preparing oneself or others intellectually for mature life. 2. the act or process of… …   Universalium

  • Ketuanan Melayu — United Malays National Organisation (UMNO) Youth Chief Hishammuddin Hussein brandishing the kris (dagger), an action seen by some as a defense of ketuanan Melayu …   Wikipedia