ESTATE DUTY:
No. 16 of 1915.
2333
local in the New money or money's worth paid to the vendor or grantor for shares on his own use or benefit. Where any such purchase was registers and made, or annuity granted for partial consideration in money or money's worth paid to the vendor or grantor for his own use or benefit, the value of the consideration shall be allowed as a deduction from the value of the property for the purpose of estate duty;
(2) property situate outside the Colony;
57 & 58 Vict. c. 30, s. 3.
*
No. 58 of 1911,
(3) any share or other interest of a deceased member of a company registered in a local register under the Companies Ordinance, 1911;
(4) any land situated in the New Territories in respect of which a successor has been registered by the Land Officer under the first clause of section 29 of the New Territories Regulation Ordinance, 1910: Provided that this exception shall not apply to any land which forms part of an estate of which probate or letters of administration have been granted by the Supreme Court.
7. For determining the rate of estate duty to be paid on any property passing on the death of the deceased, all property so passing in respect of which estate duty is payable shall be aggregated so as to form one estate.
Aggregation of property for purpose of estate duty. 57 & 58 Vict. c. 30, s. 4.
8. (1) Estate duty shall be payable as hereinafter mentioned.
Payment of estate duty and recovery.
(2) The executor of the deceased shall pay the estate duty in respect of all property of which the deceased was competent to dispose at the date of his death by stamps affixed to the affidavit for the Commissioner and may pay in like manner the estate duty in respect of any other property passing on such death, which by virtue of any testamentary disposition of the deceased is under the control of the executor, or, in the case of property not under his control, if the persons accountable for the estate duty in respect thereof request him to make such payment.
(3) Where the executor does not know the amount or value of any property which has passed on the death, he may state in the affidavit for the Commissioner that such property [cf. s. 11 (2).]
* As amended by No. 22 of 1921.
ESTATE DUTY:
No. 16 of 1915.
2333
local
in the New
money or money's worth paid to the vendor or grantor for shares on his own use or benefit. Where any such purchase was registers and made, or annuity granted for partial consideration in money certain land or money's worth paid to the vendor or grantor for his own Territories. use or benefit, the value of the consideration shall be allowed 57 & 58 Vict. as a deduction from the value of the property for the purpose of estate duty;
(2) property situate outside the Colony;
c. 30, s. 3.
*
No. 58 of 1911,
(3) any share or other interest of a deceased member of a Ordinance company registered in a local register under the Companies 35 (8) (b). Ordinance, 1911;
s.
(4) any land situated in the New Territories in respect of which a successor has been registered by the Land Officer under the first clause of section 29 of the New Territories Regulation Ordinance, 1910: Provided that this exception Ordinance shall not apply to any land which forms part of an estate of No. 34 of 1910. which probate or letters of administration have been granted by the Supreme Court.
of
7. For determining the rate of estate duty to be paid on Aggregation any property passing on the death of the deceased, all prop- of propelle erty so passing in respect of which estate duty is payable estate for shall be aggregated so as to form one estate.
purpose of estate duty. 57 & 58 Vict. c. 30, s. 4.
8. (1) Estate duty shall be payable as hereinafter Payment of mentioned.
estate duty. 57 & 58 Vict. c. 30, s. 6.
and recovery.
(2) The executor of the deceased shall pay the estate duty Collection in respect of all property of which the deceased was competent to dispose at the date of his death by stamps affixed to the affidavit for the Commissioner and may pay in like manner the estate duty in respect of any other property passing on such death, which by virtue of any testamentary disposition of the deceased is under the control of the executor, or, in the case of property not under his control, if the persons accountable for the estate duty in respect thereof request him to make such payment.
(3) Where the executor does not know the amount or value Provision of any property which has passed on the death, he may state for unknown in the affidavit for the Commissioner that such property [ef. s. 11 (2).]
values.
* As amended by No. 22 of 1921.
No comments yet.
Private notes are available after approval.