I move:—
That, in the case of persons dying after the 2nd day of May, 1951, 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 Third Schedule to the Finance Act, 1941 (No. 14 of 1941).
SCHEDULE.
SCALE OF RATES OF ESTATE DUTY.
|
Principal Value of the Estate |
Rate per cent of duty. |
|
|
£ |
£ |
|
|
Exceeding 2,000 |
and not exceeding 3,000 |
1 |
|
,,3,000 |
,,,,,, 5,000 |
2 |
|
,,5,000 |
,,,,,, 7,500 |
3 |
|
,,7,500 |
,,,,,, 10,000 |
4 |
|
,,10,000 |
,,,,,, 12,500 |
6 |
|
,,12,500 |
,,,,,, 15,000 |
8 |
|
,,15,000 |
,,,,,, 17,500 |
10 |
|
,,17,500 |
,,,,,, 20,000 |
12 |
|
,,20,000 |
,,,,,, 25,000 |
14 |
|
,,25,000 |
,,,,,, 30,000 |
16 |
|
Exceeding 30,000 |
and not exceeding 35,000 |
18 |
|
,,35,000 |
,,,,,, 40,000 |
21 |
|
,,40,000 |
,,,,,, 45,000 |
24 |
|
,,45,000 |
,,,,,, 50,000 |
27 |
|
,,50,000 |
,,,,,, 60,000 |
30 |
|
,,60,000 |
,,,,,, 75,000 |
33 |
|
,,75,000 |
,,,,,, 100,000 |
37 |
|
,,100,000 |
,,,,,, 150,000 |
41 |
|
,,150,000 |
,,,,,, 200,000 |
45 |
|
,,200,000 |
,,,,,, 250,000 |
49 |
|
,,250,000 |
53 |
Resolution No. 4 is not Resolution No. 4 as previously introduced. This is Resolution No. 5 as previously introduced. This is the Financial Resolution which governs the rates of estate duty.
