Estate Duty.
[CAP. 111
happens, and subject as aforesaid interest at the rate of eight per cent per annum for the period during which it remains unpaid shall accrue on the estate duty payable : Provided that unless the Commissioner in any particular case with the approval of the Governor in Council otherwise directs-
(a) in the case of any death occurring on or before the 7th day of December, 1941, no interest under this subsection shall be payable in respect of the period from the 8th day of December, 1941, to the 2nd day of March, 1946, and no part of the said period shall be taken into consideration for the purpose of computation of the period of six months referred to in this subsection, and
(b) in the case of any death occurring subsequent to the 7th day of December, 1941, and prior to the 2nd day of March, 1946, the latter date shall be substituted for the date of death referred to in the second and fourth lines of this subsection.
(7) The estate duty which is to be collected upon an affidavit for the Commissioner or on an account, shall be due on the delivery thereof or on the expiration of six months from the death, whichever first happens.
(8) Where the estate duty payable exceeds two hundred dollars it may be paid either by means of stamps or by such other means as the Commissioner may from time to time direct.
[8]
Schedule.
Date when become due.
duty shall
Method of
24 of 1950,
Payment.
Schedule.
for debts
expenses.
57 & 58 Vict.
c. 30, s. 7 (1).
10. (1) In determining the value of an estate for the
Allowance
purpose of estate duty, allowance shall be made for reason-
and funeral
able funeral expenses incurred in the Colony not exceeding one thousand dollars or two and a half per cent of the ascertained value of the estate, whichever is the smaller, and for debts and incumbrances, but an allowance shall not be made-
(a) for debts incurred by the deceased and incumbrances created by a disposition made by the deceased, unless such debts or incumbrances were incurred or created bona fide for full consideration for money or money's worth wholly for the deceased's own use and benefit and take effect out of his interest; nor