Death Duties (Taxing) Act Amendment Act 1965 (WA)

1965.] Death Duties (Taxing). [No. 107.

DEATH DUTIES (TAXING).

No. 107 of 1965.

AN ACT to amend the Death Duties (Taxing)

Act, 1934-1961.

[Assented to 17th December, 1965.]

QE it enacted by the Queen's Most Excellent

Majesty, by and with the advice and consent

of the Legislative Council and the Legislative

Assembly of Western Australia, in this present

Parliament assembled, and by the authority of the

same, as follows:—

and title n

1. (1) This Act may be cited as the Death Duties a citation. on.

(Taxing) Act Amendment Act, 1965.

Reprinted in

(2) In this Act the Death Duties (Taxing) Act,

Vol. 17 of the

Reprinted

1934-1961, is referred to as the principal Act.

Acts.

Approved for

reprint 28th

February.

(3) The principal Act as amended by this Act

1961, and

amended by

may be cited as the Death Duties (Taxing) Act,

Act No. 66

of 1961.

1934-1965.

No. 107.] Death Duties (Taxing). [1965.

Commence-

meas.	2. This Act shall come into operation on the fourteenth day of February, one thousand nine hundred and sixty-six.
First

Schedule 3. The First Schedule to the principal Act is

amended. amended

(a) by substituting for the first paragraph of Part I, the following paragraph

(1) The duty payable on the final balance of the estate of a deceased person shall be at the following rates:—

Where that final balance

does not exceed $400	Nil.
exceeds $400, but does not exceed $1,000	1 per cent.

exceeds $1,000, but does not exceed $2,000	..	2 per cent.
exceeds $2,000, but does not exceed $5,000 ...	3 per cent.
exceeds $5,000, but does not exceed $9,000 ....	4 per cent.
exceeds $9,000, but does not exceed $12,000 ..	5 per cent.
exceeds $12,000, but does not exceed $14,000 ..	6 per cent.
exceeds $14,000, but does not exceed $16,000	6,1 per cent.
exceeds $16,000, but does not exceed $18,000 .	6% per cent.
exceeds $18,000, but does not exceed $20,000 ....	61 per cent.
exceeds $20,000, but does not exceed $22,000	73 per cent.
exceeds $22,000, but does not exceed $24,000 .	7% per cent.
exceeds $24,000, but does not exceed $26,000	73 per cent.
exceeds $26,000, but does not exceed $28,000
exceeds $28,000, but does not exceed $30,000	81, per cent.
exceeds $30.000, but does not exceed $32,000	83 per cent.
exceeds $32,000, but does not exceed $34,000	8% per cent.
exceeds $34,000, but does not exceed $36,000 ....	8$ per cent.
exceeds $36,000, but does not exceed $38,000	9 per cent.

exceeds $38,000, but does not exceed $40,000 .. 9.!, per cent. exceeds $40,000—a minimum rate of 10 per cent. increasing to

a maximum of 20 per cent. by grade increases of per cent. for and in respect of every $10,000 by which such final balance exceeds $40,000.

(b)	by substituting for the words, "six thousand pounds" in the last line of paragraph (2) of Part I, the words, "twelve thousand dollars";
(c)	by substituting for the words, "one thousand pounds" in each of sub- paragraphs (a), (b) and (c) of paragraph (3) of Part I, the words, "two thousand dollars", in each case;

1965.] Death Duties (Taxing). [No. 107.

(d) by substituting for the Table in Part II, the following Table-

TABLE.

Column 1. Column 2.

Final Balance. Rate of Duty.

c

Exceed- Not

ing Exceed-

ing

2,000 Exempt.

2,000- 10,000 71 for each complete $1 over 2,000

10,000- 20,000 600.00 plus 82 10,000

20,000- 30,000 1,475.00 „ 115 20,000

30,000- 40,000 2,641.661 „ 131 30,000

40,000- 50,000	3,975.00	„	15	40,000
50,000- 60,000	5,475.00	„	161	50,000
60,000 .. 70,000	7,141.661	„	181	60,000
70,000- 80,000	8,975.00	„	20	70,000

80,000 .. 90,000 10,975.00 „ 211 80,000

90,000-100,000 13,141.661 „ 231 90,000

100,000-110,000 15,475.00	„ 25	100,000
110,000-120,000 17,975.00	„ 261	110,000

120,000-130,000 20,641.661 „ 28/ 120,000

130,000-140,000 23,475.00 „ 30 130,000

140,000-150,000	26,475.00	„	311	,,	140,000
150,000-	29,641.661	„	331	150,000

(e) by substituting for Tables 1, 2, 3 and 4 of Part III, the following Tables-

TABLE 1.

Where the amount of the final balance does not exceed twelve

thousand dollars, the rates of duty shall be as follows:-

Column 1.

Amount of Column 2.

Final Balance. Rate of Duty.

$ $ c $

Exceed- Not

ing Exceed-

ing

5,000 Exempt.

5,000- 10,000 32 for each complete $1 over 5,000

10,000- 12,000 187.50 plus 4if 10,000

TABLE 2.

Where the amount of the final balance exceeds twelve thousand dollars but does not exceed sixteen thousand dollars, the rates of duty shall be as follows:-

Column 1.

Amount of Column 2.

Final Balance. Rate of Duty.

$ c $

Exceed- Not

ing Exceed-

ing

4,250 Exempt.

4,250- 10,000 5 for each complete $1 over 4,250

10,000- 16,000 I 287.50 plus 51 „ „ 10,000

No. 107.] Death Duties (Taxing). [1965.

TABLE 3.

Where the amount of the final balance exceeds sixteen thousand dollars but does not exceed twenty thousand dollars, the rates of duty shall be as follows:-

Column 1.

Amount of Column 2.

Final Balance. Rate of Duty.

c

Exceed- Not

ing Exceed-

ing

4,000 Exempt.

4,000- 10,000 51 for each complete $1 over 4,000

10,000- 20,000 337.50 plus 6'/m. „ 10,000

TABLE 4.

Where the amount of the final balance exceeds twenty thousand

dollars, the rates of duty shall be as follows:-

Column 1.

Amount of Column 2.

Final Balance.	Rate of Duty.
Exceed- Not
ing Exceed-

ing

3,500 Exempt.

3,500- 10,000 75 for each complete $1 over 3,500

10,000- 20,000 487.50 plus 85 „ 10,000

20,000- 30,000 1,362.50 „ 115 „ 20,000

30,000- 40,000 2,529.165 „ 135 30,000

40,000- 50,000	3,862.50	„	15	40,000
50,000- 60,000	5,362.50	„	16*	50,000

60,000- 70,000 7,029.165 „ 185 60,000

70,000- 80,000 8,862.50 „ 2 70,000

80,000- 90,000 10,862.50 „ 215 80,000

90,000-100,000 13,029.16* „ 235 90,000

100,000-110,000 15,362.50 „ 25 100,000

110,000-120,000 17,862.50 „ 26* 110,000

120,000-130,000 20,529.16* „ 285 120,000

130,000-140,000 23,362.50	„ 30	130,000
140,000-150,000 26,362.50	„ 311	140,000

150,000.. 29,529.165 „ 335 150,000

Second

Schedule 4. The Second Schedule to the principal Act is

amended. amended-

(a) by substituting for paragraph (1) of Part I, the following paragraph-

(1) The duties payable in respect of any pr operty disposed of by any settlement or settlements shall be at the following rates:-

Where the aggregate value of the property disposed of by the

settlement or settlements-

does not exceed $400	Nil.
exceeds $400, but does not exceed $1,000	1 per cent.
exceeds $1,000, but does not exceed $2,000	2 per cent.
exceeds $2,000, but does not exceed $5,000	3 per cent.

1965.] Death Duties (Taxing). [No. 107.

exceeds $5,000, but does not exceed $9,000	4 per cent.
exceeds $9,000, but does not exceed $12,000	5 per cent.
exceeds $12,000, but does not exceed $14,000	6 per cent.
exceeds $14,000, but does not exceed $16,000	sg per cent.
exceeds $16,000, but does not exceed $18,000	63 per cent.
exceeds $18,000, but does not exceed $20,000	61 per cent.
exceeds $20,000, but does not exceed $22,000	7* per cent.
exceeds $22,000, but does not exceed $24,000	7 per cent.
exceeds $24,000, but does not exceed $26,000	73 per cent.
exceeds $26,000, but does not exceed $28,000	71 per cent.
exceeds $28,000, but does not exceed $30,000	8* per cent.
exceeds $30,000, but does not exceed $32,000	83 per cent.
exceeds $32,000, but does not exceed $34,000	8P, per cent.
exceeds $34,000, but does not exceed $36,000	81 per cent.
exceeds $36,000, but does not exceed $38,000	9 per cent.

exceeds $38,000, but does not exceed $40,000 9;', per cent. exceeds $40,000-a minimum rate of 10 per cent. increasing to

a maximum rate of 20 per cent. by grade increases of ?: per cent, for and in respect of every $10,000 by which such aggregate value exceeds $40,000. ;

(b)	by substituting for the words, "six thousand pounds" in the last line of paragraph (2) of Part I, the words, "twelve thousand dollars";
(c)	by substituting for the words, "one thousand pounds" in each of sub- paragraphs (a), (b) and (c) of paragraph (3) of Part I, the words, "two thousand dollars", in each case; and
(d)	by substituting for the Table in Part II, the following Table-

TABLE.

Column 1.

Amount of Column 2.

Aggregate Rate of Duty.

Value.

Exceed- Not

ing Exceed-

ing

2,000 Exempt.

2,000 .. 10,000 7* for each complete $1 over 2,000

10,000- 20,000 600.00 plus 8! 10,000

20,000- 30,000	1,475.00	„	113	20,000
30,000 - 40,000	2,641.66!	„	13*	30,000
40,000- 50,000	3,975.00	„	15	40,000
50,000- 60,000	5,475.00	„	163	50,000
60,000- 70,000	7,141.66!	.,	181	60,000
70,000- 80,000	8,975.00	„	20	70,000
80,000- 90,000	10,975.00	„	213^,	80,000
90,000-100,000	13,141.663	„	23*	90,000

100,000-110,000 15,475.00 „ 25 100,000

110,000-.120,000	17,975.00	„	26!	110,000
120,000-130,000	20,641.663	„	28,-	120,000

130,000-140,000 23,475.00	„ 30	130,000
140,000-150,000 26,475.00	„ 313	140,000

150,000- 29,641.66! „ 33, 150,000

No. 107.] Death Duties (Taxing). [1965.

Third

Schedule 5. The Third Schedule to the principal Act is (a) by substituting for the passage commencing with the word, "Where" in line eight of paragraph (1) of Part I down to and including the expression, "E20,000." in the last line of that paragraph, the following passage

amended.	amended
Where the value of that interest

does not exceed $400	Nil.
exceeds $400, but does not exceed $1,000	1 per cent.
exceeds $1,000, but does not exceed $2,000	2 per cent.
exceeds $2,000, but does not exceed $5,000	3 per cent.
exceeds $5,000, but does not exceed $9,000	4 per cent.
exceeds $9,000, but does not exceed $12,000	5 per cent.
exceeds $12,000, but does not exceed $14,000	6 per cent.
exceeds $14,000, but does not exceed $16,000	6; per cent.
exceeds $16,000, but does not exceed $18,000	6; per cent.
exceeds $18,000, but does not exceed $20,000	6t per cent.
exceeds $20,000, but does not exceed $22,000 .	7/ per cent.
exceeds $22,000, but does not exceed $24,000	7; per cent.
exceeds $24,000, but does not exceed $26,000	7; per cent.
exceeds $26,000, but does not exceed $28,000 ....	'It per cent.
exceeds $28,000, but does not exceed $30,000 ...	8/ per cent.
exceeds $30,000, but does not exceed $32,000 .	8 per cent.
exceeds $32,000, but does not exceed $34,000	81 per cent.
exceeds $34,000, but does not exceed $36,000	8t per cent.
exceeds $36,000, but does not exceed $38,000 .	9 per cent.

exceeds $38,000, but does not exceed $40,000 .... 9J. per cent. exceeds $40,000—a minimum rate of 10 per cent. increasing to

a maximum of 20 per cent, by grade increases of per cent. for and in respect of every $10,000 by which such value exceeds $40,000. ;

(b)	by substituting for the words, "six thousand pounds" in the last line of paragraph (2) of Part I, the words, "twelve thousand dollars";
(c)	by substituting for the words, "one thousand pounds" in each of sub- paragraphs (a), (b) and (c) of paragraph (3) of Part I, the words, "two thousand dollars", in each case; and

1965.] Death Duties (Taxing). [No. 107.

(d) by substituting for the Table in Part II, the following Table-

TABLE.

Column 1.

Net Present Column 2.

Value. Rate of Duty.

Exceed- Not

ing Exceed-

ing

2,000 Exempt.

2,000- 10,000 74 for each complete $1 over 2,000

10,000- 20,000 600.00 plus 84 10,000

tl

20,000- 30,000	1,475.00	" 113	20,000
30,000 • 40,000	2,641.661	„ 134	30,000

40,000- 50,000 3,975.00 „ 15 40,000

50,000- 60,000 5,475.00 " 163 50,000

60,000- 70,000 7,141.661 „ 184 60,000

70,000- 80,000 8,975.00 „ 20 70,000

80,000- 90,000 10.975.00 „ 211 80,000

90,000-100,000 13,141.661 „ 234 90,000

100,000-110,000 15,475.00	„ 25	100,000
110,000-120,000 17,975.00	„ 263	110,000

120,000-130,000 20,641.661 „ 281 41 120,000

130,000-140,000 23,475.00	„ 30	130,000
140,000-150,000 26,475.00	„ 311	140,000

150,000- 29,641.661 „ 334 150,000

6. The Fourth Schedule to the principal Act is gne

amended- amended.

(a) by substituting for the passage commencing with the word, "Where" in line nine of paragraph (1) of Part I down to and including the expression, "£20,000." in the last line of that paragraph, the following passage-

Where the value of that share or interest as so ascertained-

does not exceed $2,000 . Nil.

exceeds $2,000, but does not exceed $5,000 .	3 per cent.
exceeds $5,000, but does not exceed $9,000	4 per cent.
exceeds $9,000, but does not exceed $12,000 .	5 per cent.
exceeds $12,000, but does not exceed $14,000 .	6 per cent.
exceeds $14,000, but does not exceed $16,000	64 per cent.
exceeds $16,000, but does not exceed $18,000	64 per cent.
exceeds $18,000, but does not exceed $20,000	64 per cent.
exceeds $20,000, but does not exceed $22,000	71 per cent.
exceeds $22,000, but does not exceed $24,000	71 per cent.
exceeds $24,000, but does not exceed $26,000	71 per cent.
exceeds $26,000, but does not exceed $28,000	74 per cent.
exceeds $28,000, but does not exceed $30,000 .	84 per cent.
exceeds $30,000, but does not exceed $32,000 .	84 per cent.

No. 107.] Death Duties (Taxing). [1965.

exceeds $32,000, but does not exceed $34,000	84 per cent.
exceeds $34,000, but does not exceed $36,000 ....	8$ per cent.
exceeds $36,000, but does not exceed $38,000 ..	9 per cent.

exceeds $38,000, but does not exceed $40,000 ... 91 per cent. exceeds $40,000—a minimum rate of 10 per cent. increasing to

a maximum rate of 20 per cent. by grade increases of 4 per cent. for and in respect of every $10,000 by which the value of such share or interest exceeds $40,000. ;

and

(b) by substituting for the Table in Part II, the following Table

TABLE.

Column 1.

Present Net Column 2.

Value of Shares Rate of Duty.

or Stock.

c $

Exceed- Not

ing Exceed-

ing

2,000 Exempt.

2,000- 10,000 74 for each complete $1 over 2,000

10,000- 20,000 600.00 plus 8; „ 10,000

20,000- 30,000	1,475.00	„	113	20,000
30,000- 40,000	2,641.664	,,	1 34	30,000
40,000- 50,000	3,975.00	„	15	40,000
50,000- 60,000	5,475.00	„	163	50,000

60,000- 70,000 7,141.663 „ 184 60,000

70,000- 80,000 8,975.00 „ 20 70,000

80,000- 90,000 10.975.00 „ 213 80,000

90,000-100,000 13,141.663 " 234 90,000

100,000-110,000 15,475.00	„ 25	100,000
110,000-120,000 17,975.00	,, HI	110.000

120,000••130,000 20,641.663 „ 284 120,000

*I

130,000-140,000 23,475.00	„ 30	f •	130,000
140,000-150,000 26,475.00	„ 314	140,000

150,000- 29,641.66g „ 334 150,000