182168-1931-Supplementary-Draft-Bill--Estate-Duty-Amendment — Page 1

86

Draft Bill.

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No. S. 36.-The following bill is published for general information :-

C.S.O. 3154/26.

[No. 28-24..31.-10.]

C.S.O. 3 in 1270/27.

A BILL

Short title.

Ordinance No. 16 of 1915.

Amendment of Ordinance No. 16 of 1915, s. 2.

Amendment

of Ordinance

No. 16 of 1915, s. 3 (1).

INTITULED

An Ordinance to amend 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 may be cited as the Estate Duty Amendment Ordinance, 1981; and the Estate Duty Ordi- nance, 1915, hereinafter called the principal Ordinance, and this Ordinance, may be cited together as the Estate Duty Ordinances, 1915 and 1931.

2. Section 2 of the principal Ordinance is amended by the repeal of the last three lines thereof and by the substi- tution therefor of the following words :-

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"person dying or who shall have died 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 represen- tation to his estate has not been applied for before the second day of May, 1921".

3.-(1) Sub-section (1) of section 3 of the principal Ordinance is amended as follows:

(«) The letter (w), (b), (e), (d), (e), (f), (g), (h) or (), as the case may be, at the commence- ment of each definition is deleted.

(4) The definition of "Commissioner" is deleted and the following definitions are inserted at the commencement thereof :

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

"Affidavit for the Commissioner" means an affidavit in such form as may be pres- cribed by the Governor in Council veri- fying the particulars and value of the estate of a deceased person,

"Commissioner" means the Treasurer or such other person as the Governor may 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 deemed to pass on the death of any person which is liable to estate duty.

Pres-

(e) The definitions of Property" and

cribed " are deleted and the following defini- tions are substituted immediately before the definition of **

Property passing on the death

"Prescribed " unless otherwise stated means prescribed by the Governor in Council under this Ordinance.