Tax on Legal Personal Representative (LPR)

The statutory income of a LPR (administrator/executor) is subject to income tax at the following flat rate:

Year of Assessment (YA)Tax Rate
From YA 201017%

Tax on Beneficiaries (if income is distributed)

If estate income is distributed to Singapore resident beneficiaries within a stipulated time frame, tax can be paid by the resident beneficiaries at their personal tax rates instead of the tax rate of a legal personal representative.

To qualify, the income has to be distributed before 31 Mar in the year following the year of assessment.

Estate income in 2017

$5,000

Less distribution in 2018

$4,000*

Chargeable income

$1,000

Tax at estate level : $1,000 at 17%

$170.00


The beneficiary will be assessed on the income distributed to and received ($4,000*) at his/her personal tax rate in the YA 2019 since he/she received it in 2018. Income that has been taxed at the estate level will not be taxed at the beneficiary level when it is distributed in later years.

 

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