CAP. 1111
Aggregation
of property.
c. 30, s. 4.
57 & 58 Vict.
Payment of estate duty. 57 & 58 Vict. c. 30, s. 6.
Mode of payment.
Provision for unknown values.
Collection
from others
8. Estate Duty.
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.
[7]
9. (1) Estate duty shall be payable as hereinafter mentioned.
(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, on delivering the affidavit for the Commissioner, by stamps affixed thereon, 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 exists, but that he does not know the amount or value thereof and that he undertakes as soon as the amount and value are ascertained to bring in an account thereof and to pay both the estate duty for which he is or may be liable and any further estate duty payable by reason thereof for which he is or may be liable in respect of the other property mentioned in the affidavit.
(4) Estate duty so far as not paid by the executor shall be paid by stamps affixed to an account setting forth the particulars of the property and delivered to the Commissioner within six months after the death, by the person accountable for the estate duty or within such further time as the Commissioner may allow. Such duty shall be paid on delivering the account.
Estate includes accrued income.
Interest payable on estate duty.
(5) Every estate shall include all income accrued upon the property included therein down to and outstanding at the date of the death of the deceased.
(6) Interest at the rate of four per cent per annum on the estate duty shall be paid from the date of the death up to the date of the delivery of the affidavit or account, or the expiration of six months after the death, whichever first
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Page 10
Page 11
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CAP. 1111
Aggregation
of property.
c. 30, s. 4.
57 & 58 Vict.
Payment of estate duty. 57 & 58 Vict. c. 30, s. 6.
Mode of payment.
Provision for unknown values.
Collection
from others
8.
Estate Duty.
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.
[7]
9. (1) Estate duty shall be payable as hereinafter mentioned.
(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, on delivering the affidavit for the Commissioner, by stamps affixed thereon, 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 exists, but that he does not know the amount or value thereof and that he undertakes as soon as the amount and value are ascertained to bring in an account thereof and to pay both the estate duty for which he is or may be liable and any further estate duty payable by reason thereof for which he is or may be liable in respect of the other property mentioned in the affidavit.
(4) Estate duty so far as not paid by the executor shall than executor. be paid by stamps affixed to an account setting forth the particulars of the property and delivered to the Commissioner within six months after the death, by the person accountable for the estate duty or within such further time as the Com- missioner may allow. Such duty shall be paid on delivering the account.
Estate includes accrued
income.
Interest
payable on estate duty.
(5) Every estate shall include ali income accrued upon the property included therein down to and outstanding at the date of the death of the deceased.
(6) Interest at the rate of four per cent per annum on the estate duty shall be paid from the date of the death up to the date of the delivery of the affidavit or account, or the expiration of six months after the death, whichever first
270-
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