The Estate Duty Ordinance 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.
Read more about Estate Duty Ordinance: Most Commonly Used Sections, Reference Links
Famous quotes containing the words estate, duty and/or ordinance:
“Never let the estate decrease in your hands. It is only by such resolutions as that that English noblemen and English gentlemen can preserve their country. I cannot bear to see property changing hands.”
—Anthony Trollope (1815–1882)
“I am speaking now of the highest duty we owe our friends, the noblest, the most sacred—that of keeping their own nobleness, goodness, pure and incorrupt.... If we let our friend become cold and selfish and exacting without a remonstrance, we are no true lover, no true friend.”
—Harriet Beecher Stowe (1811–1896)
“Overly persuasive a woman’s ordinance spreads far, traveling fast; but fast dying a rumor voiced by a woman perishes.”
—Aeschylus (525–456 B.C.)