Stamp Act · 2022 Revised Edition · Part · Estate Duties
71A. Exception for dwelling-houses
Official textFrom Attorney General's Chambers, unchanged
Subject to the provisions of this Act, estate duty shall not be payable in the case of a person dying on or after 15th December 1988 to the extent of $2,000,000 of the aggregate value of the deceased’s interest in a dwelling-house or dwelling-houses whether occupied by the deceased or not
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and the amount thereof shall not form part of the principal value of the estate chargeable with estate duty of any deceased person.
chargeable
“chargeable” means, as applied to an instrument executed or first executed after the commencement of this Act, chargeable under this Act, and as applied to any other instrument chargeable under the law in force in Brunei Darussalam when such instrument was executed or, when several persons executed the instrument at different times, first executed;
Any dwelling-house —
used wholly or partly for the purposes of any trade, business, profession or vocation by any person at the time of death of the deceased; or
passing on the death of the deceased by virtue of section 70(1)(c), shall not qualify for the relief under subsection (1).
For the purposes of this section “dwelling-houses” include any building or tenement or any part thereof, which is used, constructed or adapted to be used for human habitation.
Terms defined in this Act
chargeable
Defined · s 2“chargeable” means, as applied to an instrument executed or first executed after the commencement of this Act, chargeable under this Act, and as applied to any other instrument chargeable under the law in force in Brunei Darussalam when such instrument was executed or, when several persons executed the instrument at different times, first executed;
deceased person
Defined · s 82“deceased person” means a person who died after the commencement of this Act;
the deceased
Defined · s 82“the deceased” means a person who died after the commencement of this Act;
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