THE HONG KONG GOVERNMENT GAZETTE, MARCH 23, 1941.
HONG KONG.
No. 7 of 1941.
I assent.
L.S.
G. A. S. NORTHCOTE,
Governor.
28th March, 1941.
An Ordinance to amend further the Estate Duty Ordinance, 1932, as amended by the Estate Duty Amendment Ordin- ance, 1936.
[28th March, 1941.]
BE it enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof, as follows:-
1. This Ordinance may be cited as the Estate Duty Short title. Amendment Ordinance, 1941.
tion of
2. The definition of "Applicable Schedule" in section 3 Substitution of the Estate Duty Ordinance, 1932, as enacted by section 2 for defini- of the Estate Duty Amendment Ordinance, 1936, is repealed, and the following definition is substituted therefor:
'Applicable Schedule" in the case of persons dying before the 27th day of February, 1931, means the Second Schedule, and in the case of persons dying thereafter but before the 1st day of July, 1936, means the First Schedule, and in the case of persons dying thereafter but before the 1st day of April, 1941, means the Third Schedule, and in the case of persons dying on or after the 1st day of April, 1941, means the Fourth Schedule to this Ordinance.
"Applicable
Schedule" in Ordinance No. 3 of
1932, s. 3 as enacted by
Ordinance No. 26 of
1936, s. 2.
3. The following is added to the Estate Duty Ordinance, New Fourth 1932, as the Fourth Schedule thereto :-
FOURTH SCHEDULE.
WHERE THE PRINCIPAL VALUE OF THE ESTATE
Schedule to Ordinance No. 3 of
[ss. 3, 4, 10, 12, 1932. 13, 18, 19, & 22.]
ESTATE DUTY
SHALL BE PAY-
ABLE AT THE
RATE PER
CENT OF
Exceeds
500 and does not exceed
5,000 10,000 25,000 50,000 100,000 200,000
5,000 10,000 25,000
11
·
50,000
"
,
11
13
14
13
300,000 350.000 400,000
>>
12
100,000 200,000 300,000
350,000 400,000
450,000
128 45 001-0000
3
1:
441