I move:—
That, in the case of persons dying after the 7th day of May, 1941, the scale set out in the Schedule to this Resolution shall be, and shall have effect as, the scale of rates of estate duty in lieu of the scale set out in the Second Schedule to the Finance Act, 1931 (No. 31 of 1931), as modified by Section 8 of the Finance (No. 2) Act, 1939 (No. 33 of 1939).
SCHEDULE.
SCALE OF RATES OF ESTATE DUTY.
|
Principal Value of the Estate |
Rate per cent. of Duty. |
|
|
£ |
£ |
|
|
Exceeding 100 |
and not exceeding 500 |
1 |
|
,, 500 |
,, ,, 1,000 |
2 |
|
,, 1,000 |
,, ,, 5,000 |
3 |
|
,, 5,000 |
,, ,, 10,000 |
4 |
|
,, 10,000 |
,, ,, 12,500 |
6 |
|
,, 12,500 |
,, ,, 15,000 |
7.2 |
|
,, 15,000 |
,, ,, 18,000 |
8.4 |
|
,, 18,000 |
,, ,, 21,000 |
9.6 |
|
,, 21,000 |
,, ,, 25,000 |
10.8 |
|
,, 25,000 |
,, ,, 30,000 |
12 |
|
,, 30,000 |
,, ,, 35,000 |
13.2 |
|
,, 35,000 |
,, ,, 40,000 |
14.4 |
|
,, 40,000 |
,, ,, 45,000 |
15.6 |
|
,, 45,000 |
,, ,, 50,000 |
16.8 |
|
,, 50,000 |
,, ,, 55,000 |
19.5 |
|
,, 55,000 |
,, ,, 65,000 |
20.8 |
|
,, 65,000 |
,, ,, 75,000 |
22.1 |
|
,, 75,000 |
,, ,, 85,000 |
23.4 |
|
,, 85,000 |
,, ,, 100,000 |
24.7 |
|
,, 100,000 |
,, ,, 120,000 |
26 |
|
,, 120,000 |
,, ,, 150,000 |
28.6 |
|
,, 150,000 |
,, ,, 200,000 |
31.2 |
|
,, 200,000 |
,, ,, 250,000 |
33.8 |
|
,, 250,000 |
,, ,, 300,000 |
36.4 |
|
,, 300,000 |
,, ,, 400,000 |
39 |
|
,, 400,000 |
41.6 |