asked the Minister for Finance the extent to which marginal relief under section 13 (1) of the Finance Act, 1914 operates by reference to the scales of estate duty operative in respect of a death since 1st January, 1960.
Ceisteanna—Questions. Oral Answers. - Estate Duty.
38.
The marginal relief operating by reference to deaths since the 1st January, 1960, is set out in a tabular statement which I propose, with your permission, a Cheann Comhairle, to have circulated with the Official Report.
Following is the statement:
I. DEATHS occurring on or after the 1st January, 1960, and before the 28th April, 1960.
|
Principal value of the estate |
Rate per cent of duty |
Value up to which Section 13 (1) Finance Act, 1914 operates (to the nearest £) |
||
|
£ |
£ |
£ |
||
|
Exceeding |
2,000 and not exceeding |
3,000 |
1 |
2,020 |
|
,, |
3,000,, ,,,, |
5,000 |
2 |
3,031 |
|
,, |
5,000,, ,,,, |
7,500 |
3 |
5,052 |
|
,, |
7,500,, ,,,, |
10,000 |
4 |
7,578 |
|
Exceeding |
10,000 and not exceeding |
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,, ,,,, |
150,000 |
41 |
106,780 |
|
,, |
150,000,, ,,,, |
200,000 |
45 |
160,909 |
|
,, |
200,000,, ,,,, |
250,000 |
49 |
215,686 |
|
,, |
250,000 |
53 |
271,277 |
II. DEATHS occurring on or after the 28th April, 1960, and before the 29th July, 1961.
|
Principal value of the estate |
Rate per cent of duty |
Value up to which Section 13 (1) Finance Act, 1914 operates (to the nearest £) |
||
|
£ |
£ |
£ |
||
|
Exceeding |
5,000 and not exceeding |
7,500 |
3 |
5,155 |
|
,, |
7,500,, ,,,, |
10,000 |
4 |
7,578 |
|
,, |
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,, ,,,, |
150,000 |
41 |
106,780 |
|
,, |
150,000,, ,,,, |
200,000 |
45 |
160,909 |
|
,, |
200,000,, ,,,, |
250,000 |
49 |
215,686 |
|
,, |
250,000 |
53 |
271,277 |
III. DEATHS occurring on or after the 29th July, 1961.
|
Principal value of the estate |
Rate per cent of duty |
Value up to which Section 13 (1) Finance Act, 1914 operates (to the 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 |
|
Exceeding |
10,000 and not exceeding |
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 |
39.
asked the Minister for Finance the securities which qualify for relief from estate duty under the Finance Act, 1956, section 21, and any amendment or extension thereof.
As the information requested is in the form of a tabular statement I propose, with your permission, a Cheann Comhairle, to have it circulated with the Official Report.
Following is the statement:
|
Name of Company |
Description of Issue |
|
The Abbey Clothing Co. Ltd. |
£30,000 6% Cumulative Preference Stock. |
|
A.C.E.C. (Ireland) Limited |
150,000 6% Cumulative Preference Shares of £1 each. |
|
Arklow Pottery, Ltd. |
40,000 6½% Cumulative Preference Shares of £1 each. |
|
840,000 Ordinary Shares of 5/- each. |
|
|
Baker, Wardell & Co. Ltd. |
30,000 5% Cumulative Preference Shares of £1 each. |
|
Barrow Milling Co. Ltd. |
(i) 18,000 6½% Cumulative Preference Shares of £1 each. |
|
(ii) 4,000 Ordinary Shares of £1 each. |
|
|
Batchelors, Ltd. |
(i) £60,000 5½% Cumulative Preference Stock. |
|
(ii) £350,000 Ordinary Stock. |
|
|
Blackwater Cottons Ltd. |
£250,000 Ordinary Stock. |
|
Bolands, Ltd. |
(i) £780,000 Ordinary Stock. |
|
(ii) £75,000 6% Cumulative Preference Stock. |
|
|
(iii) 7,500 5% Mortgage Debentures of £10 each. |
|
|
Booth Poole & Co. Ltd. |
1,080,000 “B” Ordinary Shares of 5/- each. |
|
Bowaters Irish Wallboard Mills Ltd. |
300,000 5% Cumulative Participating Preference Shares of £1 each. |
|
Braids, Ltd. |
360,000 Ordinary Shares of 4/- each. |
|
Browne & Nolan, Ltd. |
£140,000 6% Cumulative Preference Stock. |
|
Carrigaline Pottery Co. Ltd. |
70,000 Ordinary Shares of £1 each. |
|
Carroll, P.J. & Co. Ltd. |
(i) £400,000 6% Cumulative Preference Stock. |
|
(ii) 6,000,000 Ordinary Shares of 5/- each. |
|
|
(iii) £300,000 4½% Unsecured Loan Stock. |
|
|
Cement Ltd. |
(i) 4% First Mortgage Debenture Stock. |
|
(ii) £200,000 6½% Cumulative Preference Stock. |
|
|
(iii) £800,000 5½% Second Cumulative Preference Stock. |
|
|
(iv) 6,865,600 Ordinary Stock Units of 5/- each. |
|
|
Clarnico-Murray Ltd. |
22,825 5½% Cumulative Preference Shares of £1 each. |
|
Clondalkin Concrete, Ltd. |
100,000 5% Cumulative Preference Shares of £1 each. |
|
Clondalkin Paper Mills, Ltd. |
£600,000 Stock (units of 5/-). |
|
Comhucht Bagúin na h-Éireann Teo. |
(i) £201,512 Ordinary Stock. |
|
(The Bacon Company of Ireland Limited). |
(ii) 108,279 6% Cumulative Preference Shares of £1 each. |
|
Comhlucht Siúicre Éireann, Teoranta |
(i) 4% Guaranteed Debenture Stock. |
|
(ii) 500,000 6% Cumulative Preference Shares of £1 each. |
|
|
Concrete Products of Ireland Ltd. |
1,800,000 Ordinary Shares of 5/- each. |
|
Crean, James & Son (1936) Ltd. |
(i) 45,000 6% Cumulative Preference Shares of £1 each. |
|
(ii) 70,000 Ordinary Shares of 10/-each. |
|
|
The Dickens Leather Company, Ltd. |
(i) £20,000 6½% Cumulative Preference Stock |
|
(ii) 600,000 Ordinary 5/- Shares. |
|
|
Dock Milling Co. Ltd. |
75,000 6% Cumulative Preference Shares of £1 each. |
|
Donegal Bacon Co. Ltd. |
23,000 Ordinary Shares of £1 each. |
|
Dubtex (Clothing) Ltd. |
£150,000 Ordinary Stock. |
|
Edenderry Shoe Company, Ltd. |
1,000,000 Ordinary Shares of 5/- each. |
|
Ever-Ready (Ireland) Ltd. |
(i) 20,000 6% Cumulative Preference Shares of £1 each. |
|
(ii) 320,000 Ordinary Shares of 5/- each. |
|
|
Freedex Ltd. |
2,000,000 Ordinary Shares of 2/- each. |
|
Fry-Cadbury (Ireland) Ltd. |
250,000 5% Cumulative Preference Shares of £1 each. |
|
Fullers (Ireland) Ltd. |
100,000 4½% Cumulative Preference Shares of £1 each. |
|
General Textiles, Ltd. |
(i) 2,190,000 Ordinary Shares of 5/- each. |
|
(ii) 200,000 5% Cumulative Preference Shares of £1. |
|
|
Glen Abbey Ltd. |
1,250,000 Ordinary Shares of 5/- each. |
|
Goodbody, J. & L.F. Ltd. |
(i) £600,000 Ordinary Stock. |
|
(ii) £245,000 6% Cumulative Preference Stock. |
|
|
Goulding, W. & H. M. Ltd. |
(i) 7,858,620 Ordinary Shares of 5/- each. |
|
(ii) 440,000 6% Cumulative Preference Shares of £1 each. |
|
|
(iii) 20,000 4½% Debenture of £5 each. |
|
|
Greenmount & Boyne Linen Co. Ltd. |
(i) £120,000 Ordinary Stock. |
|
(ii) £60,188 5½% First Cumulative Preference Stock. |
|
|
(iii) £80,000 5½% Second Cumulative Preference Stock. |
|
|
Gypsum Industries, Ltd. |
200,007 6½% Cumulative Preference Shares of £1 each. |
|
Halliday, John & Son Ltd. |
(i) £579,722 Ordinary Stock. |
|
(ii) £30,000 6% Cumulative Preference Stock. |
|
|
Hammond Lane Foundry Co. Ltd. |
(i) 100,000 6% Cumulative Preference Shares of £1 each. |
|
(ii) 350,000 Ordinary Shares of £1 each. |
|
|
Harringtons & Goodlass Wall, Ltd. |
15,000 7% Cumulative Preference Shares of £1 each. |
|
Hely Thom Ltd. |
69,000 4½% Debenture Stock. |
|
Ideal Weatherproofs Ltd. |
370,196 Ordinary Shares of 5/- each. |
|
Independent Newspapers Ltd. |
(i) £200,000 7½% Cumulative Preference Stock. |
|
(ii) 1,100,000 “B” Ordinary Shares of 5/- each. |
|
|
The Insurance Corporation of Ireland Ltd. |
125,000 Shares of £1 each. |
|
Irish Aluminium Co. Ltd. |
(i) 20,000 6½% Cumulative Preference Shares of £1 each. |
|
(ii) 100,000 Ordinary Shares of £1 each. |
|
|
The Irish Dunlop Co. Ltd. |
(i) £300,000 6% Cumulative Preference Shares of £1 each. |
|
(ii) £150,000 “B” 6% Cumulative Preference Shares of £1 each. |
|
|
(iii) 5,184,375 Ordinary Shares of 5/- each. |
|
|
(iv) 3½% First Mortgage Debenture Stock. |
|
|
The Irish Glass Bottle Co. Ltd. |
(i) £475,000 6% Cumulative Preference Stock. |
|
(ii) £475,000 Ordinary Stock. |
|
|
Irish Oil & Cake Mills, Ltd. |
2,400,000 5/- Shares. |
|
Irish Pharmaceuticals, Ltd. |
20,000 “A” Shares of £1 each. |
|
Irish Ropes, Ltd. |
(i) 60,000 5% Cumulative Preference Shares of £1 each. |
|
(ii) 1,260,000 Ordinary Shares of 5/- each. |
|
|
Irish Tanners, Ltd. |
(i) 100,000 6½ Cumulative Preference Shares of £1 each. |
|
(ii) 1,000,000 Ordinary Shares of 5/- each. |
|
|
Irish Wire Products, Ltd. |
(i) 55,000 6½% Cumulative Preference Shares of £1 each. |
|
(ii) 70,000 Ordinary Shares of £1 each. |
|
|
Irish Worsted Mills Ltd. |
(i) £50,000 6% Cumulative Preference Stock. |
|
(ii) £75,000 “A” Ordinary Stock. |
|
|
(iii) £12,500 “B” Ordinary Stock. |
|
|
Jacob, W. & R. & Co. Ltd. |
(i) 2,399,800 “B” Ordinary Shares. |
|
(ii) 600,200 “A” Ordinary Shares of 5/- each. |
|
|
(iii) 275,000 6½% Cumulative Preference Shares of £1 each. |
|
|
Jameson, John & Sons, Ltd. |
3½% First Mortgage Debenture Stock. |
|
Jefferson, Smurfit & Sons Ltd. |
1,200,000 Ordinary Shares of 5/- each. |
|
Kapp & Peterson Ltd. |
(i) £40,000 Ordinary Stock. |
|
(ii) 20,000 6% Cumulative Preference Shares of £1 each. |
|
|
Kilmaine Clothes Ltd. |
(i) £75,000 Ordinary Stock. |
|
(ii) £50,000 8% Cumulative Preference Stock. |
|
|
Lancegaye Safety Glass (Ireland) Ltd. |
96,000 6% Preferred Ordinary Shares of 5/- each. |
|
Leethems (Ireland) Ltd. |
(i) £98,172 Ordinary Stock. |
|
(ii) £23,544 6% Cumulative Preference Stock. |
|
|
Lincoln & Nolan (Holdings) Ltd. |
(i) £300,000 Ordinary Stock. |
|
(ii) £100,000 5% Cumulative Participating Preference Stock. |
|
|
Lyons Irish Holdings Ltd. |
£500,000 Ordinary Stock. |
|
McCairns Motors Ltd. |
2,000,000 Ordinary Shares of 5/- each. |
|
Maguire & Paterson, Ltd. |
(i) £315,530 Ordinary Stock. |
|
(ii) 57,700 Preference Shares of £1 each. |
|
|
Martin Mahony & Bros. Ltd. |
£371,000 “B” Ordinary Stock. |
|
Metal Products (Cork) Ltd. |
(i) 90,000 7% Cumulative Preference Shares of £1 each. |
|
(ii) 1,000,000 Ordinary Shares of 5/- each. |
|
|
Midleton Worsted Mills Ltd. |
100,000 4½% Cumulative Preference Shares of £1 each. |
|
Milford (Donegal) Bakery & Flour Mills Ltd. |
(i) 40,000 6% Cumulative Preference Shares of £1 each. |
|
(ii) 40,000 Ordinary Shares of £1 each. |
|
|
The Newbridge Cutlery Co. Ltd. |
(i) 15,000 6½% Cumulative Preference Shares of £1 each. |
|
(ii) 240,028 Ordinary Shares of 5/- each. |
|
|
Padmore & Barnes Ltd. |
30,000 6% Cumulative Preference Shares of £1 each. |
|
Power, John & Son, Ltd. |
(i) £600,000 “B” Ordinary Stock. |
|
(ii) £200,000 Ordinary Stock. |
|
|
Pye (Ireland) Ltd. |
(i) 917,646 Ordinary Shares of 5/-. |
|
(ii) £100,000 5% Cumulative Preference Shares of £1 each. |
|
|
(iii) 250,000 7% Redeemable Cumulative Preference Shares of £1 each. |
|
|
Ranks (Ireland) Ltd. |
(i) 350,000 6% Cumulative Preference Shares of £1 each. |
|
(ii) 1,400,000 Ordinary Shares of 5/- each. |
|
|
Rawson, John & Sons (Ireland) Ltd. |
(i) £100,000 5% Cumulative Preference Stock. |
|
(ii) £180,225 Ordinary Stock. |
|
|
Roadstone Ltd. |
(i) 50,000 5% Cumulative Preference Shares of £1 each. |
|
(ii) £1,033,340 Ordinary Stock. |
|
|
(iii) £500,000 7% Redeemable Cumulative Preference Stock. |
|
|
Rowntree Mackintosh (Ireland) Ltd. |
(i) 75,000 5½% Cumulative Preference Shares of £1 each. |
|
(ii) 4½% Mortgage Debenture Stock. |
|
|
Salts (Ireland) Ltd. |
(i) 125,000 5% Cumulative Participating Preference Shares of £1 each. |
|
(ii) 175,000 “A” 5% Cumulative Preference Shares of £1 each. |
|
|
(iii) 375,056 “A” Ordinary Shares of 5/- each. |
|
|
Seafield Fabrics Ltd. |
£600,000 Ordinary Stock. |
|
Shield Insurance Co. Ltd. |
200,000 Ordinary Shares of £1 each (10/- paid). |
|
Sissons Brothers & Kierans Ltd. |
30,000 6% Cumulative Preference Shares of £1 each. |
|
Slane Brick Co. Ltd. |
(i) 15,000 6½% Cumulative Preference Shares of £1 each. |
|
(ii) 10,000 Ordinary Shares of £1 each. |
|
|
Smith & Pearson Ltd. |
1,000,000 Ordinary Shares of 5/- each. |
|
Smithwicks Brewery (Holdings) Ltd. |
640,000 “B” Ordinary Shares of 5/- each. |
|
Smyth & Co. Ltd. |
60,000 Ordinary Shares of £1 each. |
|
Solus Teoranta |
200,000 Shares of £1 each. |
|
Springs, Ltd. |
(i) £20,000 6% Cumulative Participating Preference Stock. |
|
(ii) £45,016 “A” Ordinary Stock. |
|
|
Steele, F. H. & Co. Ltd. |
(i) 35,000 5% Cumulative Participating Preference Shares of £1 each. |
|
(ii) 35,000 Ordinary Shares of £1 each. |
|
|
Sunbeam Wolsey, Ltd. |
(i) £980,517 8% Non Cumulative Preference Stock. |
|
(ii) £1,127,925 Ordinary Stock. |
|
|
Swift Brook Paper Mills Ltd. |
£180,000 Ordinary Stock. |
|
The Temple Press Ltd. |
1,000,000 Ordinary Shares of 5/- each. |
|
A. & R. Thwaites & Co. Ltd. |
(i) 1,510,180 Ordinary Shares of 5/- each. |
|
(ii) 25,000 7½% Cumulative Preference Shares of £1 each. |
|
|
Tonge McGloughlin (Holdings) Ltd. |
(i) 113,892 8% Cumulative Preference Shares of £1 each. |
|
(ii) 752,276 Ordinary Shares of 5/- each. |
|
|
Torc Manufacturing Co. Ltd. |
336,500 Ordinary Shares of 5/- each. |
|
Unidare Ltd. |
(i) 4,955,340 Ordinary Shares of 5/- each. |
|
(ii) 500,000 7% Redeemable Cumulative Preference Shares of £1 each. |
|
|
Wallpapers Ltd. |
(i) 35,000 6% Cumulative Preference Shares of £1 each. |
|
(ii) 35,000 Ordinary Shares of £1 each. |
|
|
Waterford Ironfounders Ltd. |
(i) 35,000 6% Cumulative Preference Shares of £1 each. |
|
(ii) 66,000 “A” Ordinary Shares of 5/- each. |
|
|
Watson, Joshua & Co. Ltd. |
£89,526 Ordinary Stock. |
|
Williams & Woods Ltd. |
(i) 440,000 Ordinary Shares of 5/- each. |
|
(ii) 100,000 6% Cumulative Preference Shares of £1 each. |
|
|
Woodington, J. H. (Drogheda), (1936) Ltd. |
(i) 50,000 7½% Cumulative Preference Shares of £1 each. |
|
(ii) 200,000 Ordinary Shares of 5/- each. |