HONG KONG.
No. 7 OF 1941.
L.S.
I assent.
Pas dark ma 145
G. A. S. NORTHCOTE, Governor.
28th March, 1941.
An Ordinance to amend further the Estate Duty Ordinance, 1932, as amended by the Estate Duty Amendment Ordin- ance, 1936.
[28th March, 1941.]
BE it enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof, as follows:
1. This Ordinance may be cited as the Estate Duty Short title. Amendment Ordinance, 1941.
2. The definition of Applicable Schedule " in section 3 of the Estate Duty Ordinance, 1932, as enacted by section 2 of the Estate Duty Amendment Ordinance, 1936, is repealed, and the following definition is substituted therefor:
66
'Applicable Schedule in the case of persons dying before the 27th day of February, 1931, means the Second Schedule, and in the case of persons dying thereafter but before the 1st day of July, 1936, means the First Schedule, and in the case of persons dying thereafter but before the 1st day of April, 1941, means the Third Schedule, and in the case of persons dying on or after the 1st day of April, 1941, means the Fourth Schedule to this Ordinance.
Substitution
for defini- "Applicable
tion of
Schedule" in Ordinance No. 3 of
1932, s. 3 as enacted by No. 26 of 1936, s. 2.
Ordinance
3. The following is added to the Estate Duty Ordinance, New Fourth 1932, as the Fourth Schedule thereto :
FOURTH SCHEDULE.
WHERE THE PRINCIPAL VALUE OF THE ESTATE
Schedule to Ordinance No. 3 of
[ss. 3, 4, 10, 12, 1932. 13, 18, 19, & 22.]
ESTATE DUTY SHALL BE PAY- ABLE AT THE RATE PER CENT OF
Exceeds
500 and does not exceed
"
5,000 10,000
""
"
"
5,000 10,000
""
25,000
25,000
""
11
50,000
17
50,000
""
""
100,000
11
100,000
"
"
200,000
200,000
"J
300,000
""
,,
350,000
400,000
"
300,000
350,000
400,000
450,000
12345670-0
9
""
6
Page
7
END
Page
2
Fourth Schedule,—Continued.
WHERE THE PRINCIPAL VALUE OF THE ESTATE
ESTATE DUTY
SHALL BE PAY-
ABLE AT THE
RATE PER
CENT OF
Exceeds
450,000 and does not exceed 500,000
11
"
500,000 550,000
19
"
"
550,000
12
""
"
""
600,000
13
99
600,000 650,000
"
""
650,000
14
19
"
"
700,000
15
"
700,000
"
21
"
750,000
16
750,000
""
"
19
800,000
17
800,000
"
"
900,000
18
900,000
1,000,000
19
17
19
1,000,000
""
""
1,250,000
20
1,250,000
""
""
""
1,500,000
1,500,000
"
19
"
1,750,000
""
1,750,000
11
""
2,000,000
"
""
2,500,000
""
11
+
3,000,000
""
""
*
"
11
3,500,000
2,000,000 2,500,000 3,000,000 3,500,000 4,000,000
""
4,000,000
4,500,000
4,500,000
91
""
5,000,000
5,000,000
11
19
""
7,000,000
"
""
"
10,000,000
"
11
15,000,000
""
"
""
20,000,000
25,000,000 80,000,000
"
""
7,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000
7******87*59*9*N
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23
24
25
26
27
29
31
34
37
40
43
46
49
52
Passed the Legislative Council of Hong Kong, this 27th day of March, 1941.
A
T. MEGARRY,
Clerk of Councils.
age 7
age 7
53679
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