declare, That this is a just and true account of all the property, not being real estate or leasehold, to which was entitled to succeed beneficially for life upon the death of the before-named and that was born on the day of 18 and is a the predecessor, from whom the said property is derived. (Here sign the account)

the said

of

Duty Charged

Comptrolled,

cases,

Control Clerk.

Comptroller of Stamps and Taxes. N.B.-Interest at the rate of four pounds per centum per annum is payable in all from the time when each instalment falls due. 31 & 32 Vict. c. 124, § 9. Here state the title, whether under settlement, by survivorship, or in any other manner, and if under a deed or document, the date thereof, and the names of the parties thereto.

Here state whether trustee, &c., or successor.

On the death of the liferenter, the fee or capital sum liferented must be accounted for on Form No. IV.

Form No. VI.

This Form-the principal of the Succession Duty Forms— applies to heritable or leasehold property, whether conveyed or bequeathed by will, given by deed, or passing under intestacy. It is in the following terms :FORM NO. VI.—INLAND REVENUE.-Succession Duty on real property, which includes all Heritages and all Estates in any heritage, whether held in Fee-simple, or under Entail, or in Liferent, or on Lease.*

DESCRIPTION OF PROPERTY.

[It should be stated whether the property is let on lease, and whether at rackrent or at a ground-rent, or in consideration of a premium (in which last two cases further duty will be payable on the determination of the lease).]

delivered by §

* This form is for property chargeable under the Succession Duty Act, and should be delivered in duplicate, either personally or by an agent at the head-office in Edinburgh, or at a stamp-office in the country, and not sent by post. A separate form is supplied for property chargeable under the Legacy Duty Acts.

+ State when inventory of deceased's personal estate was recorded. inventory yet recorded, explain the circumstances.

If no

Here state the title, whether under settlement, will, intestacy, or by descent' and if under any deed or other document, the date thereof and the names of the parties thereto.

Here state whether trustee, &c., or successor.

declare, That this is a just and true account of all the succession in real and leasehold property of

upon the death of the

The following observations may be of use in filling up this form:

Description of the Property.-The-subjoined may serve as illustrations of how property may be described :

Dwelling-house and Garden, No. 10 Athole Terrace,
Edinburgh, let by the year to A. B., at a rent of
Held in feu for 10s. per annum ;

or,

Farm of Joppa in the County of Edinburgh, contain-
ing about 100 acres, lately in the occupation of the
predecessor but now in that of the successor,
Held of the Crown for a White Rose at Christ-

mas yearly.

Assessed for property tax at £100;

or,

Freestone Quarry, let on lease for 10 years from
Whitsunday, 1878, at the yearly fixed rent of
£50, with optional royalty to the landlord of 1s.
per ton of stone removed from the quarry.
The receipts from date of lease to 1st May, 1884,
have been as follows:-

For year ended Whitsunday, 1879, £20 0 0

£50 0 0

£100 0 0

1880, 15 0 0

or,

House and Garden, No. 2 Athole Street, Edinburgh, let in lease to A. B. for 10 years from Whitsunday, 1884, at the rent of

Held on long lease for 99 years, of which 70
were unexpired at Whitsunday, 1884.

Tack duty 1s. a-year.

Worth 8 years' purchase of the nett rental of £40, .

or,

Cessor (i.e., extinction) of an annuity of £50 on the death of the said A. B. Such annuity is deducted in the Succession Account of W. O., dated 1st August, 1884,

£50 00

£320 0 0

£50 0 0

In the case of leasehold property, it is absolutely necessary to show the value, and it should also be shown how that value has been arrived at.

Properties of different tenures should be put on separate forms, as the mode of calculating the duty in each case is different.

Where a property is divisible between several successors of various ages, a separate account should be made up for each; the first account showing the whole property, and the others the share each successor takes. In this way, assuming four successors, eight accounts would be required, as each account must be rendered in duplicate. Where, however, the property is small and the successors numerous, the Board of Inland Revenue may take one account in duplicate, if accompanied by a statement of the full names and respective ages of the successors, with a request that the duty be assessed in one sum on the average age of the lives of the whole of the successors mentioned in the statement. When this course is followed, a corresponding alteration will fall to be made on the declaration at the end of the account.

Outgoings. These have been already noticed under § 318.

Repairs. These are usually stated at 10 per cent. in cases of house property.

Annuities. Where these are chargeable on heritable property liable to succession duty, the whole amount of such annuities may be deducted, but as each annuity falls in, the successor must pay further duty in proportion to the increased benefit which accrues.

Incumbrances.-As a rule, interest at 4 per cent. may be deducted on all incumbrances; but where the interest payable is actually higher, the higher interest may be deducted. incumbrance may be stated thus:

An