Section 25
of Universiti Teknologi Brunei Act ( Formerly Known as Institut Teknologi Brunei Act)
Section 25
(1)
Where any immovable property, not being State land, is needed for the purposes of the Universiti, His Majesty the Sultan and Yang
Di-Pertuan may if His Majesty the Sultan and Yang Di-Pertuan thinks fit, direct the acquisition of such property and in such a case such property may be acquired in accordance with the provisions of any written law relating to the acquisition of land for a public purpose and any declaration required under any such written law that such property is so needed may be made notwithstanding that compensation is to be paid out of the funds of the
Universiti, and such declaration shall have effect as if it were a declaration that such land is needed for a public purpose made in accordance with such written law.
(2)
Expenses and compensation in respect of any immovable property acquired under subsection (1) shall be paid by the Universiti or from funds to be provided by the Government to the Universiti for that purpose.
(3)
All State land granted or immovable property acquired under this section shall vest in the Universiti, and an entry to that effect in the appropriate register shall be made by the proper registering authority.
Exemption from estate duty 26.
No estate duty shall be payable in respect of the amount of any bequest to the Universiti, and the value of the property passing on the death of a deceased is deemed not to include the amount of such bequest for the purpose of fixing the rate of estate duty.
Universiti Teknologi Brunei
B.L.R.O. 6/2022 17
Gifts to Universiti exempt from income tax [S 6/2017]