CAP. 111]
[8. 3 cont.]
Appointment
as commis-sioner for oaths.
32 of 1934, 8.2.
Estate Duty 57 & 68 Vict. c. 30, s. 1.
Schedules.
9 & 10 Geo. 5,
c. 32, s. 29. [cf. 3 & 4
Geo. 48,
s. 17.]
What property
is deemed
to pass on death.
57 & 58 Vict.
c. 30, s. 2 (1).
Estate Duty.
(ii) a disposition taking effect out of the interest of the deceased person shall be deemed to have been made by him, whether the concurrence of any other person was or was not required;
(iii) money which a person has a general power to charge on property shall be deemed to be property of which he has power to dispose.
4. (1) The Chief Justice may, by a commission signed by him, appoint the Commissioner or any deputy commis-sioner to be a commissioner to administer oaths and take declarations and affirmations for the purposes of this Ordin-ance, and may revoke any such appointment.
(2) Every person so appointed shall be styled a commissioner for oaths and shall have all the powers and discharge all the duties which now belong to the office of a commissioner to administer oaths.
[3A]
5. In the case of every deceased person there shall, save as hereinafter expressly provided, be levied and paid upon the principal value, ascertained as hereinafter provided, of all property passing on the death of such person, a stamp duty called estate duty at the graduated rates mentioned in the applicable Schedule: Provided that, where the principal value of an estate comprises a fraction of one hundred dollars, such fraction shall, for the purpose of determining the amount of estate duty payable, be reckoned as one hundred dollars: Provided also that where an interest in expectancy in any property has, before the 27th day of February, 1931, been bona fide sold or mortgaged for full consideration in money or money's worth, then no higher duty on that property shall be payable by the purchaser or mortgagee when the interest falls into possession than is in accordance with the rates mentioned in the First Schedule, and in the case of a mortgage any higher duty payable by the mortgagor shall rank as a charge subsequent to that of the mortgagee.
[4]
6. (1) Property passing on the death of the deceased shall be deemed to include the property following-
(a) property of which the deceased was at the time of his death competent to dispose;
264
CAP. 111]
[8. 3 cont.]
Appointment
as commis- sioner for oaths.
32 of 1934, 8.2.
Estate Duty 57 & 68 Vict. c. 30, s. 1.
Schedules.
9 & 10 Geo. 5,
c. 32, s. 29. [cf. 3 & 4
6
Gec. 48,
8. 17.]
What property
is deemed
to pass on death.
57 & 58 Vict.
c. 30, s. 2 (1).
Estate Duty.
(ii) a dispostion taking effect out of the interest of the deceased person shall be deemed to have been made by him, whether the concurrence of any other person was or was not required;
(iii) money which a person has a general power to charge on property shall be deemed to be property of which he has power to dispose.
4. (1) The Chief Justice may, by a commission signed by him, appoint the Commissioner or any deputy commis- sioner to be a commissioner to administer oaths and take declarations and affirmations for the purposes of this Ordin- ance, and may revoke any such appointment.
(2) Every person so appointed shall be styled a commissioner for oaths and shall have all the powers and discharge all the duties which now belong to the office of a commissioner to administer oaths.
[3A]
5. In the case of every deceased person there shall, save as hereinafter expressly provided, be levied and paid upon the principal value, ascertained as hereinafter provided, of all property passing on the death of such person, a stamp duty called estate duty at the graduated rates mentioned in the applicable Schedule: Provided that, where the principal value of an estate comprises a fraction of one hundred dollars, such fraction shall, for the purpose of determining the amount of estate duty payable, be reckoned as one hundred dollars: Provided also that where an interest in expectancy in any property has, before the 27th day of February, 1931, been bona fide sold or mortgaged for full consideration in money or money's worth, then no higher duty on that property shall be payable by the purchaser or mortgagee when the interest. falls into possession than is in accordance with the rates mentioned in the First Schedule, and in the case of a mortgage any higher duty payable by the mortgagor shall rank as a charge subsequent to that of the mortgagee.
[4]
6. (1) Property passing on the death of the deceased. shall be deemed to include the property following-
(a) property of which the deceased was at the time of
his death competent to dispose ;
264
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