91
Metadat
8. Section 12 of the principal Ordinance is repealed Repeal of and the following section is substituted therefor :—
Increase of estate duty when delay in lodging affidavit.
Ordinance No. 16 of
12.-(1) In every case where any account 1915, s. 12, is delivered after the lapse of twelve months and substitu-
tion of new from the death the estate duty shall be charged
section. at three times the rates set out in the Schedule; unless the person accountable for the estate duty proves to the satisfaction of the Commissioner that he has used all reasonable diligence to ascertain the estate of the deceased and could not reasonably have ascertained it earlier, and having ascertained it has used all reasonable diligence to deliver an account and to pay the estate duty thereon: Provided that in any case in which, before the delivery of the account, a grant of probate or of letters of administration had been obtained from a court of probate outside the Colony, the period shall be eighteen months from the death instead of one year.
no
(2) For the purposes of this section account shall be deemed to have been delivered until the duty which reasonably appears to be payable in respect thereof has been paid, unless the Commissioner shall have allowed payment of the estate duty in respect of the said account to be postponed.
9. Section 13 of the principal Ordinance is repealed Repeal of and the following section is substituted therefor :-
Duty of Executor as to
unregistered shares.
Penalty.
Ordinance No. 16 of
section.
13. (1) Every executor shall within one 1915, s. 13, year after obtaining probate or letters of and substitu- administration to the estate of a deceased tion of new person canse all shares of which such deceased person was at the date of his death the beneficial, but not the registered owner, to be transferred on the registers of the appropriate companies into his own name as such executor.
(2) Every executor who without reasonable excuse omits to get any such shares as afore- said registered within the time limit aforesaid shall be liable to pay to the Commissioner in addition to the estate duty (if any) a penalty of one thousand dollars, or a penalty equal to the amount of the estate duty (if any) at the rate set out in the Schedule.
in of Ordinance
10. Section 16 of the principal Ordinance is amended Amendment by the deletion of the words "by treasury warrant the second line thereof.
11. Section 18 of the principal Ordinance is repealed and the following section is substituted therefor :—
Schedule of property to be annexed to probate.
18.--(1) A schedule under the hand of the Commissioner of all the property passing on the death of a deceased person upon which estate duty has been paid or is payable on the death, and of all the property of a deceased person which, being trust property, is exempt from duty on the death shall be annexed to the probate or letters of administration, and any person who, without lawful authority or reasonable excuse, in any way deals with any estate of the deceased or any property held by the deceased in trust, which is not set out in sneh schedule shall be liable to a penalty of one thousand dollars, or to a penalty equal to three times the amount of the estate duty at the rate set out in the Schedule to this Ordi- nance payable upon the estate so dealt with, at the election of the Commissioner.
(2) Whenever a further affidavit is delivered, the probate or letters of administration in respect of which such affidavit is delivered
No. 16 of 1915, s. 16.
Repeal of
Ordinance No. 16 of
1915, s. 18, and substitu- tion of new section.