Death Duties (Taxing) Act Amendment Act 1939 (WA)

DEATH DUTIES (TAXING).

3° Gino. VL, No. XVII.

No. 17 of .1939.

AN ACT to amend the Death Duties (Taxing)

Aet, 1934.

[Assented to 22nd November, 1939.]

BE it enacted by the King's Most Excellent Majesty,by and with the advice and consent of the Legis- lative, Council and Legislative Assembly of Western Australia, in this present Parliament assembled, and by the authority of the same, as follows:—

1.    This Act may be cited as the Death Duties (Tax- Short title.

ing) Act Amendment Act, 1939, and shall be read as one with the Death Duties (Taxing) Act, 1934 (No. 29 of

1934), hereinafter referred to as the principal Act.

2. The First Schedule to the principal Act is amended Amendment of First

as follows:— Schedule to

(a) by deleting the words and figures "Where such principal Act.

final balance exceeds £20,000 .. 10 per cent.," in line forty-two of the said Schedule

No. 17.] Death Ditties (Taxing). [1939.

and inserting in lieu thereof words and figures

as follows:

Where such final balance exceeds £20,000, a minimum rate of 10 per cent., increasing to a maximum rate of 20 per cent. by grade in- creases of 1/2 per cent. for and in respect of every £5,000 by which such final balance exceeds £20,000;

(b) by adding at the end of the proviso to the said Schedule the words "if the final balance of the estate of the deceased person does not exceed six thousand pounds."

Amendment

of Second	3. The Second Schedule to the principal Act is
Schedule to

principal Act. amended as follows:

(a) by deleting the words and figures "Where such aggregate value exceeds £20,000 .. .. 10 per cent.," in the last line of paragraph (1) of the said Schedule, and inserting in lieu thereof words and figures as follows:

Where such aggregate value exceeds £20,000, a minimum rate of 10 per cent. increasing to a maximum rate of 20 per cent. by grade in- creases of lA per cent. for and in respect of every £5,000 by which such aggregate value exceeds £20,000;

(b) by adding at the end of the proviso contained in paragraph (2) of the said Schedule the words "if the aggregate value of the property dis- posed of by the settlement or settlements does not exceed six thousand pounds."

Amendment

of Third	4. The Third Schedule to the principal Act is
Schedule to

principal Act amended as follows :—

(a) by deleting the words and figures "Where such value exceeds £20,000 .. 10 per cent.," in the last line of paragraph (1) of the said Schedule and inserting in lieu thereof words and figures as follows:

Where such value exceeds £20,000, a mini- mum rate of 10 per cent. increasing to a maxi- mum rate of 20 per cent. by grade increases of per cent. for and in respect of every

£5,000 by which such value exceeds £20,000::

] Death Duties (Taxing). [No. 17.

(b) by adding at the end of the proviso contained in paragraph (2) of the said Schedule the words "if the value of the property disposed of by the non-testamentary disposition does not ex- ceed six thousand pounds."

5.    The Fourth Schedule to the principal Act is Amendment

amended by deleting therefrom the words and figures giro

"Where the value of such share or interest as so aster- principal Act.

tamed exceeds £20,000 .. 10 per cent.," in the last

two lines of the said Schedule and inserting in lieu

thereof words and figures as follows:

Where the value of such share or interest as so ascertained exceeds £20,000, a minimum rate of 10 per cent., increasing to a maximum rate of 20 per cent. by grade increases of 1/2 per cent. for and in respect of every £5,000 by which the value of such share or interest exceeds £20,000.

6. The principal Act as amended by this Act may be Citation of principal Act

cited as the Death Duties (Taxing) Act, 1934-1939. as amended.