CAP. 111]
[3. 12 cont.]
Deferred payment.
c. 30, s. 8 (9).
Estate Duty.
may require the person applying for such probate or letters of administration to enter into a bond with or without sureties in such an amount as he shall think fit to secure the filing of such affidavit as aforesaid and the payment of the proper estate duty thereon within such time as shall be named in such bond. Such bond may be in the prescribed form.
(3) Where the Commissioner is satisfied that the estate duty leviable in respect of any property cannot without excessive sacrifice be raised at once, he may allow payment to be postponed for such period, to such extent and on payment of such interest not exceeding eight per cent per annum or any higher interest yielded by the property, and on such terms as the Commissioner may think fit.
Increase of estate duty when delay in lodging affidavit.
24 of 1950, Schedule.
(4) Where the Commissioner allows payment to be postponed under subsection (2), he may reduce or remit any interest payable.
[11]
13. (1) In every case where any account is delivered after the lapse of twelve months from the death the estate duty shall be charged at three times the rates set out in the applicable Schedule, unless the person accountable for the estate duty proves to the satisfaction of the Commissioner that he has used all reasonable diligence to ascertain the estate of the deceased and could not reasonably have ascertained it earlier, and having ascertained it has used all reasonable diligence to deliver an account and to pay the estate duty thereon: Provided that in any case in which, before the delivery of the account, a grant of probate or of letters of administration or its equivalent had been obtained from a competent court outside the Colony, the period shall be eighteen months from the death instead of one year: Provided also that unless the Commissioner in any particular case with the approval of the Governor in Council otherwise directs-
(a) in the case of any death occurring before the 8th day of December, 1941, the period from such date to the 2nd day of March, 1946, shall not be taken into consideration for the purposes of this subsection, and
278
CAP. 111]
[3. 12 cont.]
Deferred
payment.
c. 30, s. 8 (9).
Estate Duty.
may require the person applying for such probate or letters of administration to enter into a bond with or without sureties in such an amount as he shall think fit to secure the filing of such affidavit as aforesaid and the payment of the proper estate duty thereon within such time as shall be named in such bond. Such bond may be in the prescribed
form.
(3) Where the Commissioner is satisfied that the estate 57 & 58 Vict. duty leviable in respect of any property cannot without excessive sacrifice be raised at once, he may allow payment to be postponed for such period, to such extent and on payment of such interest not exceeding eight per cent per annum or any higher interest yielded by the property, and on such terms as the Commissioner may think fit.
Increase of estate duty when delay in lodging affidavit.
24 of 1950, Schedule.
(4) Where the Commissioner allows payment to be postponed under subsection (2), he may reduce or remit any interest payable.
[11]
13. (1) In every case where any account is delivered after the lapse of twelve months from the death the estate duty shall be charged at three times the rates set out in the applicable Schedule, unless the person accountable for the estate duty proves to the satisfaction of the Commissioner that he has used all reasonable diligence to ascertain the estate of the deceased and could not reasonably have ascertained it earlier, and having ascertained it has used all reasonable diligence to deliver an account and to pay the estate duty thereon: Provided that in any case in which, before the delivery of the account, a grant of probate or of letters of administration or its equivalent had been obtained from a competent court outside the Colony, the period shall be eighteen months from the death instead of one year : Provided also that unless the Commissioner in any parti- cular case with the approval of the Governor in Council otherwise directs-
(a) in the case of any death occurring before the 8th day of December, 1941, the period from such date to the 2nd day of March, 1946, shall not be taken into consideration for the purposes of this sub- section, and
278 -
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