Citizenship and inheritance

djdanial SG

hi,

i am a singaporean citizen living in australia with an australian pr. i plan to stay and work in australia and would like to become an australian citizen soon. my parents are also sgp citizens with aus pr and they have a house in singapore. i was told that if i become an australian citizen, and that if my parents passed away, i will not inherit their property or money. is this true?

thanks for your replies

Summer hill SG

I am not too sure about, I am not a law adviser.

But if you think about it, like if mircosoft founder die and it's pass to his son, do you think that the son will get the us shares/properties company only? most likely he will get the worldwide one.

if hdb....no lah.

speakoutfor SG

Why you want to live in australia? It is a country of racist assholes.

If you work there, they will give all the dirty jobs to the asians while all the promotion be given to the aussies.

Their HR very wierd, they have peer to peer review so meaning the subordinate can rate their superiors. So a lot of politics. Those staff with the lowest review but can do their job, usually the asians, get kicked out.

One day, we asians must invade australia and chase out all the ang mo racist white assholes then colonize the big country for ourselves.

Bio-Hawk SG

Why you want to live in australia? It is a country of racist assholes.

If you work there, they will give all the dirty jobs to the asians while all the promotion be given to the aussies.

One day, we asians must invade australia and chase out all the ang mo racist white assholes then colonize the big country for ourselves.

Changed to what you really meant.

Why you want to live in Singapore? It is a country of racist assholes.

If you work there, they will give all the dirty jobs to the foreigners while all the promotion be given to the locals.

One day, we foreigners must invade singapore and chase out all the local racist assholes then colonize the small country for ourselves.

Dude, all country favors people with substance and losers/whiners exist everywhere.

djdanial SG

Why you want to live in australia? It is a country of racist assholes.

If you work there, they will give all the dirty jobs to the asians while all the promotion be given to the aussies.

One day, we asians must invade australia and chase out all the ang mo racist white assholes then colonize the big country for ourselves.

Read your statement again and tell me you are not racist.

Before you speak, know the facts. Think before you talk. Thats all i can say to you

troublemaker2005 SG

Why you want to live in australia? It is a country of racist assholes.

If you work there, they will give all the dirty jobs to the asians while all the promotion be given to the aussies.

One day, we asians must invade australia and chase out all the ang mo racist white assholes then colonize the big country for ourselves.

insingapore the same. but when you have everyone the same natioality and race, then there will alwasy be griuping and targeting of individuals. if you cannot survive in spore, how to survivie elsewhere? also likely, if you cannot survive in your own country , chances are you cmake make some quick money in another - that's why so many cheap labor... still planning whether want to write a complain letter to my neightbor or not?

i suspect the owner rant them to PRCS on social visit passes, but they cum here work actually. gotta notify NEA, HDB and police and imigration to investigate what they doing here, lodging and making a nuisances hehehe cheena liars

letter ready, anytime can send very free now

Jackt985 SG

Get a lawyer in Sg to write a WILL. Very impt!!! Better safe than sorry...

ahtansh SG

Of course whatever is in your old folk's Will, will be carried out according to local law.

Singapore scrapped the estate duty so that the rich can preserve their weath to the next generation.

A big plus for wealth management

Sat, Feb 16, 2008
The Business Times

THE scrapping of the estate or death duty comes as no surprise. It is yet one more flourish in a series of moves designed to boost Singapore's attractiveness as a wealth management centre - and it is long overdue. Financial advisers and Singaporeans alike will heave a collective sigh of relief.

For wealth management, the scorecard looks good: No capital gains tax. No tax on interest and investment income, and on foreign sourced income. And now no estate duty.

In the past few years, individuals and lawyers have written columns on why estate duty should be abolished. One of the most convincing was by lawyer Goh Kok Yeow, published in The Business Times in 2002. Mr Goh, who advises on estate matters, called estate duty an 'anachronism and unfair form of taxation', from which the amount of collection was tiny.

Based on the inland Revenue Authority of Singapore's annual report for FY2006/07, the number of cases assessed for estate duty has remained fairly steady at more than 1,300.

Collections, as Finance Minister Tharman Shanmugaratnam said in his Budget speech, averaged $70 million through the years. This would be less than half a per cent of the total tax collection of $22.8 billion in 2006/07.

The move should be a plus for the wealth management sector, even though foreigners have already enjoyed favourable tax treatment on their wealth for a few years. Certainly, it results in an even more simplified tax planning process - always a boon for those mulling a move to Singapore for work or as a primary residence.