asked the Minister for Finance the amount of the margin that will be effective at each rate in respect of the principal value of the estate as provided by the Second Schedule to the Finance Bill, 1961.
Ceisteanna—Questions. Oral Answers. - Rates of Estate Duty.
2.
Presumably what the Deputy has in mind is the extent to which marginal relief under Section 13 (1) of the Finance Act, 1914, will operate by reference to the scale of rates of Estate Duty set out in the Second Schedule to the Finance Bill, 1961. As the reply is in the form of a tabular statement, I propose, with the permission of the Ceann Comhairle, to have it circulated with the Official Report.
Following is the statement.
|
Principal Value of the estate |
Rate per cent. or duty |
Value up to which Section 13 (1) of the Finance Act, 1914, will operate (to nearest £) |
|||||
|
£ |
£ |
£ |
|||||
|
Exceeding |
5,000 |
and |
not |
exceeding |
6,000 |
1 |
5,051 |
|
,, |
6,000 |
,, |
,, |
,, |
7,000 |
2 |
6,061 |
|
,, |
7,000 |
,, |
,, |
,, |
8,000 |
3 |
7,072 |
|
,, |
8,000 |
,, |
,, |
,, |
10,000 |
4 |
8,083 |
|
,, |
10,000 |
,, |
,, |
,, |
12,500 |
6 |
10,213 |
|
,, |
12,500 |
,, |
,, |
,, |
15,000 |
8 |
12,772 |
|
,, |
15,000 |
,, |
,, |
,, |
17,500 |
10 |
15,333 |
|
,, |
17,500 |
,, |
,, |
,, |
20,000 |
12 |
17,898 |
|
,, |
20,000 |
,, |
,, |
,, |
25,000 |
14 |
20,465 |
|
,, |
25,000 |
,, |
,, |
,, |
30,000 |
16 |
25,595 |
|
,, |
30,000 |
,, |
,, |
,, |
35,000 |
18 |
30,732 |
|
,, |
35,000 |
,, |
,, |
,, |
40,000 |
21 |
36,329 |
|
,, |
40,000 |
,, |
,, |
,, |
45,000 |
24 |
41,579 |
|
,, |
45,000 |
,, |
,, |
,, |
50,000 |
27 |
46,849 |
|
,, |
50,000 |
,, |
,, |
,, |
60,000 |
30 |
52,143 |
|
,, |
60,000 |
,, |
,, |
,, |
75,000 |
33 |
62,687 |
|
,, |
75,000 |
,, |
,, |
,, |
100,000 |
37 |
79,762 |
|
,, |
100,000 |
40 |
105,000 |