CO129-530-8 Estate Duty Ordinance- 1931- Bill 27-2-1931 - 15-12-1931 — Page 32

C.S.O. 3154/26.

'A BILL

INTITULED

[No. 14.-6.8.31.-2.]

'An Ordinance to amend and consolidate the law

relating to Estate Duty.

Be it enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof, as follows:---

1. This Ordinance shall be cited as the Estate Duty Short Ordinance, 1931.

title.

2. This Ordinance shall apply in the case of Applica- every deceased person dying or who shall have died tion. on or after the first day of January, 1916; and it shall also apply in the case of every deceased person who shall have died before that date if representation to his estate has not been applied for before the second day of May, 1921.

3. (1) In this Ordinance,

Interpreta- tion. 57 & 58 Vict. c. 30, s. 22 (1).

"Account" means an account of the particulars and value of the estate of a deceased person in such form as may be prescribed by the Governor in Council and verified by Account. affidavit.

"Affidavit for the Commissioner" means Affidavit an affidavit in such form as may be prescribed for the by the Governor in Council verifying the Commis- particulars and value of the estate of a deceased sioner.

person.

"Applicable Schedule" in the case of Applicable persons dying before the twenty-seventh day of Schedule. February, 1931, means the Second Schedule to

this Ordinance; and in the case of persons dying thereafter it means the First Schedule to this Ordinance.

"Commissioner" means the Treasurer or Com-

such other person as the Governor may missioner. appoint as Commissioner for the purpose of this Ordinance, and includes any person appointed by the Governor to be Deputy Commissioner of Estate Duty.

"Estate" includes all property passing or Estate. deemed to pass on the death of any person which is liable to estate duty.

"Estate duty" means estate duty under Estate duty. this Ordinance,

"Executor" means the executor or ad- Executor. ministrator of a deceased person and includes, as regards any obligation under this Ordinance, any person who takes possession of or inter- meddles with the property of a deceased person or any portion thereof.

"Incumbrances" includes mortgages and Incum- terminable charges.

brances.

"Interest in expectancy" includes an estate Interest in in remainder or reversion and every future expectancy. interest whether vested or contingent, but does not include a reversion expectant upon the determination of leases.

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