Legacies, &c.-continued. first made payable thereout, if any), where such residue, or share of Where any such legacy or residue, or Where any such legacy or residue, or any Where any such legacy or residue, or any share of such residue, shall have been Duty. £ s. d. per cent. 100 зоо 500 Legacies, &c.-continued. deceased, or any descendant of a And all gifts of annuities, or by way of annuity, or of any other partial benefit And where any legatee shall take two or Exemptions.(s) Legacies and residues, or shares of residue, (8) See §§ 300, 324 supra as to present exemptions. Duty. £ 8. d. per cent. 600 10 0 0 And all legacies which were exempted from XXXIII.—5 & 6 Vict. c. 79.—[5th August, 1842.](a) PROVIDES (23) for a return of inventory duty in respect of debts if claimed within three years. XXXIV. 8 & 9 Vict. c. 76.-[4th August, 1845.](b) EXTENDS (§ 4) the terms of definition of a legacy. XXXV.—13 & 14 Vict. c. 97.-[14th August, 1850.](c) MAKES (8) persons who have received money for legacy duty liable for the amount. XXXVI.—An ACT for granting to Her Majesty Duties on Succession to Property, and for altering certain Provisions of the Acts charging Duties on Legacies and Shares of Personal Estates, 16 & 17 Vict. c. 51.-[4th August, 1853.] THE following is the arrangement of this Act : Section 1. Interpretation of certain terms in this Act. "pre 2. What dispositions and devolutions of property confer successions; also what the terms " successor," decessor," mean. (a) §§ 3, 21, and 22, and part of schedule of this Act repealed by 33 & 34 Vict. c. 99 (1870). (b) § 1, from "from" to "thereof," and § 6 of this Act repealed by 38 & 39 Vict. c. 96 (1875), and §§ 2 and 3 repealed by 33 & 34 Vict. c. 99 (1870). (c) The whole Act repealed by 33 & 34 Vict. c. 99 (1870), except §.8 as far as it relates to legacy duty. Section 3. Joint tenants taking by survivorship to be deemed suc cessors. 4. General powers of appointment to confer successions. 5. Extinction of determinable charges to confer successions. 6. Persons now beneficially entitled to real property subject to leases for life not liable to duty. 7. Dispositions accompanied by the reservation of a benefit to the grantor, &c., to confer successions. 8. Dispositions to take effect at periods depending on death, or made for evading duty, to confer successions.. 9. Duties to be under the care and management of the Commissioners of Inland Revenue. 10. Duties on successions.-See § 41 of 44 Vict. c. 12. 11. Provision as to married persons chargeable with succession or legacy duty. 12. What duties payable when the successor is also the predecessor. 13. Provision as to joint predecessors. 14. Duty on transmitted successions. 15. Duties payable in respect of transferred interest. 16. Succession subject to trusts for charitable or public pur poses chargeable with duty. 17. Provision for life policies and certain post-obit bonds. 19. Leasehold estates not to be charged with legacy duty as personal estate. 20. Duties to be paid on the successor becoming entitled in possession; but in the case of outstanding interests, at the determination thereof. 21. The interest of a successor in real property to be considered as an annuity. 22. Rule for valuing lands, houses, &c. 23. Rule as to timber. 25. Rule as to property subject to beneficial leases. 27. Duty payable by corporations, &c., on taking real estates. 28. Allowance for fines, &c., paid by successor. 29. Real property directed to be sold, to be charged as per sonality. 30. Personal property to be invested in real property, how to be charged. 31. Annuities under this Act and the Legacy Duty Acts to be valued according to the tables annexed to this Act. Sec. 32. Provisions as to the assessment of personalty. 33. Allowance to donee of general power of appointment. 35. No allowance to be made in respect of contingent incumbrances, unless they take effect. 36. The duty on successions to be calculated without regard to contingencies. 37. Provision for allowance or return of duty. 38. Allowance to be made to successor in respect of relinquished 40. Power of Commissioners to receive duty in advance. 41. Power for Commissioners to commute future duties. See § 11 of 43 Vict. c. 14. 42. Duty to be a first charge on property. 43. Provision for the separate assessments of properties. 44. What persons accountable for duty. 45. Notice of succession to be given to the Commissioners, and a return of the property made. 46. Penalty on not giving notices of succession. 47. Proceeding if return not made. 48. Power to enforce returns from executors and administra tors. 49. Accounting party to verify his account by production of books and documents; and Commissioners may, without fee, inspect and take copies of public books. 50. Power for accountable party to appeal. ,, 51. Duty to be entered by the Commissioners in a book, and a stamped receipt to be given. 52. Protection to bond fide purchasers. 53. Court in suits for the administration of property to provide for payment of duty. 54. Commencement of Act. 55. Short title. MOST GRACIOUS SOVEREIGN, We, your Majesty's most dutiful and loyal subjects, the Commons of the United Kingdom of Great Britain and Ireland in Parliament assembled, towards raising the necessary supplies for defraying your Majesty's public expenses, and making a permanent addition to the public revenue, have freely and voluntarily resolved to grant unto |