618051-1931-Ordinance-passed-and-assented-to--Estate-Duty-Amendment-No-6-of-1931 — Page 6

110 THE HONG KONG GOVERNMENT GAZETTE, FEBRUARY 27, 1931.

Protection

of bona fide purchaser without notico.

57 & 58 Vict. c. 30, s. 8 (18).

Affidavits and accounts to be delivered to the Commis- sioner.

Final ascer- tainment of amount of estate duty.

Repayment

of excess

duty.

57 & 58 Vict. c. 30, s. 8 (12).

Duty to disclose liability to further

estate duty.

Power to require disclosure of liability to further

estate duty.

Power to remit

interest ou estate duty.

to any such duty. Any such person shall at all reasonable times permit any person there- unto authorised by the Commissioner to inspect all such documents as aforesaid and to make such notes copies or extracts thereof or there- from as he may deem necessary without fee or reward. The Commissioner may also require any such person to deliver to him and verify ou oath a statement in writing of such parti- culars.

(7) Nothing in this section shall render a bona fide purchaser for valuable consideration without notice liable to or accountable for estate duty.

(*) All affidavits and accounts required under this section shall be delivered to the Commissiqner, who shall make such inquiry respecting the contents of, or the particulars verified by, such affidavit or accounts and the value of the various properties included therein as he thinks necessary, and the person making or tendering any such affidavit shall attend at the office of the Commissioner, whenever required by him, and shall furnish and pro- duce such explanations and documentary or other evidence us the Commissioner may require.

(9) When the Commissioner bas ascertained the amount of estate duty payable in respect of any accounts delivered to him in pursuance of this Ordinance he shall notify the account- able person of his decision by means of a certificate in the prescribed forin. If such amount exceeds the amount of estat duty already paid in respect of the said accounts the accountable person shall forthwith pay the excess to the Commissioner.

(10) In every case in which the Commis- sioner is satisfied that too much estate duty has been paid, the excess shall be repaid by him.

(11) Where the accountable person discovers that for any reason too little estate duty has been paid he shall forthwith deliver to the Commissioner a further account, verified by outh, and shall at the same time pay the difference between the estate duty chargeable according to the true value of the estate and the estate duty already paid.

(12) Where the Commissioner discovers that any property which ought to have been disclosed by affidavit or account has not been so disclosed he shall notify the accountable person and call upon him to disclose such property and pay the estate duty thereon, and the accountable person shall, within one month of the giving of such notice by the Commis- sioner deliver an original or a further account, as the case may require, disclosing such pro- perty, and shall at the same time pay the estate duty thereon.

(13) The Commissioner may remit the interest payable on estate duty where the amount of such interest is in his opinion so small as not to repay the expense and labour of calculation and account.