Estate Forms SC2 and SC4: Worked Historical Asset Schedule

Key steps and distinctions

The worked example records a condominium share, jointly owned HDB flat, listed shares, CPF investments and balances, bank accounts, insurance, safe-deposit contents, a vehicle, employer debts, foreign movable assets and a lifetime gift. SC2 checks eligibility for the simplified route and separately asks whether the estate receives taxable income requiring Form T. SC4 groups property values at death and uses Annex A for movable and other assets and Annex B for qualifying dwellings. The residential example reports the deceased’s ownership share at market value before mortgage deduction: 60% of a S$2 million condominium is S$1.2 million, with the loan separately identified. It illustrates how jointly held or non-probate assets can still need declaration under the old rules. The schedule is sworn or affirmed and later changes use SC8. Names, account numbers and values are examples, not instructions to copy. This June 2007 sample belongs to the historical estate-duty regime; IRAS states no estate duty applies to deaths on or after 15 February 2008. Current probate schedules and estate income remain separate obligations.