1983 Ed.]
Estate Duty
CAP. 111
59
within section 7(1), this section shall have effect in like manner as if the disposition had been made in favour of a relative of his, unless it is shown to the satisfaction of the Commissioner that no relative of the deceased was, at the time of the disposition or subsequently during the life of the deceased, a member of the company and for the purposes of this subsection a person who is, or is deemed by virtue of this provision to be, a member of a company to which this section applies and which is a member of another such company shall be deemed to be a member of that other company.
(4) In this section, the expressions "annuity" and "relative" have the meaning attributed to them respectively in section 7.
(Added, I of 1959, s. 10)
FIRST SCHEDULE
(Persons dying before 27 February 1931)
Where the principal value of the estate
Iss. 3. 5. 14. 16. 17. 23. 24 & 27.]
Estate duty shall be payableat the rateper cent of $ $ Exceeds500 and does not exceed1,000 11,00010,000 10,000100,0003 **100,000250,000 5250,000500,000 500,000750,000 750,0001,000,0005.50 6 6.50 *1,000,0001,500,000 71,500,0002,500,000 2,500,0007.50 8 **(Amended, 20 of 1948, s. 4)
SECOND SCHEDULE
(Persons dying on or after 27 February 1931 but before 1 July 1936)
[ss. 3. 5. 14. 16. 17. 23. 24 & 27.]
Where the principal value of the estateEstate duty shall be payableat the rate per cent of $$ $ Exceeds500 and does not exceed5,000 5,00010,000 210,00025,000 325,00050,000 450,000100,000 **100,000200,000 6200,000400,000 7400,000600,000 8600,000800,000 **800,0001,000,000 1,000,0002,000,000 **T 1011 12(Amended, 20 of 1948, s. 4)
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