2340
No. 16 of 1915.
No claim excess or for
ESTATE DUTY.
treble the amount of additional estate duty chargeable and the same shall be a debt due from him to the Crown and be recoverable in the same way as Crown rents may be recovered. (3) In case there has been an appeal under section 17 for return of from a certificate of the Commissioner made under section 10 (8), no claim shall be made for the return of excess estate duty except duty or for the payment of additional estate duty except on the ground that the particulars of the property passing on the death of the deceased, or the general expenses, debts or incumbrances for which allowance was made, were not correctly stated in the affidavit or account.
additional when particulars incorrectly stated in affidavit.
Interest in expectancy.
57 & 58 Vict. c. 30, s. 7 (6).
Third Schedule.
Value of interests ceasing on death.
Third Schedule.
Charge of estate duty on property. 57 & 58 Vict, c. 30, s. 9.
(4) When an estate includes an interest in expectancy, estate duty in respect of that interest shall be paid, at the option of the person accountable for the estate duty, either with the estate duty in respect of the rest of the estate or when the interest falls into possession, and if the estate duty is not paid with the estate duty in respect of the rest of the estate, then-
(a) for the purpose of determining the rate of estate duty in respect of the rest of the estate, the value of the interest shall be its value at the date of the death of the deceased to be ascertained and determined in respect of an interest expectant on the determination of any life interest in any property, annuity or annual sum for life, by reference to the table contained in the Third Schedule; and
(b) the rate of estate duty in respect of the interest when it falls into possession shall be calculated according to its value when it falls into possession, together with the value of the rest of the estate as previously ascertained.
(5) The value of the benefit accruing or arising from the cesser of an interest ceasing on the death of the deceased shall be ascertained and determined by reference to the table contained in the Third Schedule.
14. (1) A rateable part of the estate duty on an estate, in proportion to the value of any property which does not pass to the executor as such, shall be a first charge on the property in respect of which estate duty is leviable; Provided that the property shall not be so chargeable as against a bonâ fide purchaser thereof for valuable consideration without notice.
2340
No. 16 of 1915.
No claim
excess or for
ESTATE DUTY.
treble the amount of additional estate duty chargeable and the same shall be a debt due from him to the Crown and be recoverable in the same way as Crown rents may be recovered. (3) In case there has been an appeal under section 17 for return of from a certificate of the Commissioner made under section 10 (8), no claim shall be made for the return of excess estate duty except duty or for the payment of additional estate duty except on the ground that the particulars of the property passing on the death of the deceased, or the general expenses, debts or incumbrances for which allowance was made, were not correctly stated in the affidavit or account.
additional
when
particulars incorrectly stated in affidavit.
Interest in expectancy.
57 & 58 Vict. c. 30, s. 7 (6).
Third Schedule.
Value of interests ceasing on
death.
Third Schedule.
Charge of estate duty
on property. 57 & 58 Vict,
c. 30, s. 9.
(4) When an estate includes an interest in expectancy, estate duty in respect of that interest shall be paid, at the option of the person accountable for the estate duty, either with the estate duty in respect of the rest of the estate or when the interest falls into possession, and if the estate duty is not paid with the estate duty in respect of the rest of the estate, then-
(a) for the purpose of determining the rate of estate duty in respect of the rest of the estate, the value of the interest shall be its value at the date of the death of the deceased to be ascertained and determined in respect of an interest expectant on the determination of any life interest in any property, annuity or annual sum for life, by reference to the table contained in the Third Schedule; and
(b) the rate of estate duty in respect of the interest when it falls into possession shall be calculated according to its value when it falls into possession, together with the value of the rest of the estate as previously ascertained.
(5) The value of the benefit accruing or arising from the cesser of an interest ceasing on the death of the deceased shall be ascertained and determined by reference to the table contained in the Third Schedule.
14. (1) A rateable part of the estate duty on an estate, in proportion to the value of any property which does not pass to the executor as such, shall be a first charge on the property in respect of which estate duty is leviable; Provided that the property shall not be so chargeable as against a bonâ fide purchaser thereof for valuable consideration without notice.
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