Question on hefty tax on death
By Wilfred Ling, The IFA on Duty  •  December 6, 2011
[unable to retrieve full-text content]Question: My father died recently. My mother was shocked that she needs to pay $12,600 in tax to have my father’s property transfer to herself. I thought estate duty was already abolished. Why my mother need to pay so much in estate duty? Answer:...
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By Wilfred Ling, The IFA on Duty
Wilfred Ling is a Chartered Financial Consultant with Promiseland Independent Pte Ltd. He is a fee-based financial planner by profession.
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