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Costs of valuation.
No. 16 of 1915.
ESTATE DUTY.
property shall permit the person so authorised to inspect it at such reasonable time as the Commissioner considers necessary.
(7) When the Commissioner requires a valuation to be made by a person named by him, the costs of such valuation shall be defrayed by the Commissioner.
57 & 58 Vict. c. 30, s. 7 (9). Certificate.
Probate not issued until estate duty paid.
(8) When the Commissioner has ascertained the amount of estate duty payable on an affidavit or on an account, he shall certify the same in writing in the prescribed form and the proper stamps shall forthwith be affixed to the affidavit or account.
(9) The Commissioner may remit the interest payable on estate duty where the amount of such interest is in his opinion so small as not to repay the expense and labour of calculation and account.
11.-(1) No probate or letters of administration shall be issued by the court until the Commissioner shall have certified in writing that the estate duty payable in respect of the estate has been paid or that he has allowed payment thereof to be postponed under sub-sections (2) or (3).
(2) When the affidavit for the Commissioner contains the statement and undertaking specified in section 8 (3), the Commissioner may allow payment of the whole or any part of the estate duty to be postponed until after the issue of probate or letters of administration upon condition that a further and complete affidavit shall be filed and the proper estate duty paid thereon as soon as the full value of the estate has been ascertained and the Commissioner may require the person applying for such probate or letters of administration to enter into a bond with or without sureties in such an amount as he shall think fit to secure the filing of such affidavit as aforesaid and the payment of the proper estate duty thereon within such time as shall be named in such bond. Such bond may be in the prescribed form.
Deferred payment. 57 & 58 Vict. c. 30, s. 8 (9).
(3) Where the Commissioner is satisfied that the estate duty leviable in respect of any property cannot without excessive sacrifice be raised at once, he may allow payment to be postponed for such period, to such extent and on payment of such interest not exceeding eight per cent. per annum or any higher interest yielded by the property, and on such terms as the Commissioner may think fit.
* As amended by Law Rev. Ord., 1924.