When directed by the will or deed of settlement to be sold or uplifted. Heritable estate, if not directed to be sold, is chargeable with succession duty. (t) The statement may be in this form :

£2000 0 0

And then there will be carried into the account the following:

Burgage property sold as per statement, .

And so with the other items.

II. PROPERTY STILL UNSOLD.

House and Garden at Corstorphine called Tipton, occupied by

(Insert the Total of Column No. 1 in Column No. 2), £

Note.-Upon reversions falling in, state the date of the death of the

liferenter.

Separate papers are to be annexed to the account to show how these totals are made up.

No. 3.

£

Nett amount of property brought forward,
ACCUMULATIONS OF INTEREST, DIVIDENDS,
RENTS, &c.

Rents of heritable estate directed to be sold, to the
time of sale, if sold; if not to the date of this account,
Dividends on the stocks and funds sold, to the time
of sale; and of those remaining unsold, including
the last dividends,

Profits of farm or business, to the date of this account,
or whilst carried on,

Interest on bonds and other securities paid off, to the
day of payment; and of those outstanding to the
date of this account,
Interest at 4 per cent. on £

being the balance

of cash in hand, as on the other side, to the date
of this account, . ×
Income of bank, canal, railway, and other shares, to the
time of sale, and of those remaining unsold, and on
other property yielding an income not included in
any of the above items, to the date of this account,
The value of the benefit accruing to the executor or
other person entitled to the residue, from the interest
of money or dividends of stock retained to answer
vested or contingent legacies, payable at a future day
without the intermediate interest or dividends,

(Deduct the total amount of these payments from the
preceding total),.

£

(v) As all interests and monies due to the estate must be included in the

account, so inversely all such due from it must be deducted.

Deduct any portion of the Residue not liable to duty, or for which duty is paid on separate receipts-viz., (y)) Residue on which duty is chargeable,(z)

DECLARATION. (a)

do declare that the foregoing is a just and true account.

offer to pay the sum of £

per cent. upon the sum of £ residue and moneys to which own use, or for the use of Dated this day of

(Here sign the account)(b)

307. Time for rendering the Residuary Account.-There is no time fixed within which the account requires to be rendered, but it should be rendered as soon as possible after the death, as duty is payable on the accumulation of the property, and interest is also chargeable at 4 per cent. on the balance of cash in the hands of the executor.

308. The rendering of the Account Compulsory.—Excepting in the case of a widow, where she is the sole residuary legatee, an account must be lodged in every case, even in cases of insolvency, or where the residuary legatees receive less than £20 each, in order that the Commissioners may satisfy themselves as to the liability of the estate to duty.

309. Accounts delivered in the Country.-Executors may render the account and pay the duty thereon to the stamp-distributor of the county or district in which they reside. Each distributor transmits the receipts and residuary accounts left with him to the head-office at stated times, and these are afterwards returned duly stamped and registered, to be redelivered to the persons to whom they belong.

II. THE SUCCESSION DUTY.

310. The Succession Duty Act.-This Act came into operation on 19th May, 1853(c), and it is retrospective in its operation as to the property chargeable with duty, and as to the mode of

(c) 16 & 17 Vict. c. 51, § 54.