Estate Duty.

CHAPTER 111.

THE ESTATE DUTY ORDINANCE.

ARRANGEMENT OF SECTIONS.

[CAP. 111

Section Page

1. Short title 262

2. Application 262

3. Interpretation 262

4. Appointments as commissioners for oaths 264

5. Levy of estate duty 264

6. What property is deemed to pass on death 264

7. Exceptions for transactions for value, property outside Colony, local shares, certain property in New Territories, etc. 269

8. Aggregation of property 270

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9. 11. Collection and recovery of estate duty 270

13. Delay in lodging affidavit •

Mode and date etc. of payment of estate duty 271

10. Value of property 274

12. Grant of representation not to issue until payment 277

14. Duty regarding unregistered shares 278

15. Charge of estate duty on property, and facilities for raising it. 279

16. Apportionment of estate duty 279

17. Remission etc. Proviso regarding war deaths 280

18. Remission in case of successive war deaths 281

19. Appeal to Supreme Court 281

23. Executor's accounts ... ...

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27. Settled property 282

29. 20. Schedule of property to be annexed to grant 282

21. Penalties for intermeddling 283

22. Disclosure of interest in shop, bank, etc. 284

24. Power to reduce penalty and duty 285

25. Power to make rules and prescribe forms and fees 286

26. Presumption as to shares 286

28. Relief in respect of quick succession to leasehold property or business 286

Reduction of duty where margin above limit is small 287

30. Relief in respect of certain outstanding interests 287

First Schedule Duty applicable to deaths before the 27th February, 1931. "" "" "" 261

on or after 27th February, 1931 and before 1st July, 1936.

on or after 1st July, 1936 and before 1st April, 1941.

on or after 1st April, 1941 and before 1st April, 1948.

on or after 1st April, 1948 and until superseded. 288

Second Schedule- "" " 93

Third Schedule 283

Fourth Schedule- " " " .11

Fifth Schedule " }} 288

... 288

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