Estate Duty Act 1914 (Cth)

Text C2004C03812

ESTATE DUTY ACT 1914 - Reprinted as at 30 June 1991 (#DATE 30:06:1991) *1*The Estate Duty Act 1914 as shown in this reprint comprises Act No. 25, 1914 amended as indicated in the Tables below. Table of Acts Act Number Date Date of Application, and year of Assent commencement saving or transitional provisions Estate Duty Act 1914 25, 1914 21 Dec 1914 21 Dec 1914 Estate Duty Act 1940 13, 1940 20 May 1940 20 May 1940 S. 4 Estate Duty Act 1941 51, 1941 3 Dec 1941 3 Dec 1941 S. 4 Statute Law Revision (Decimal Currency) Act 1966 93, 1966 29 Oct 1966 1 Dec 1966 - Estate Duty Amendment Act 1978 23, 1978 7 June 1978 7 June 1978 - Table of Amendments ad.=added or inserted am.=amended rep.=repealed rs.=repealed and substituted Provision affected How affected S. 3 am. No. 23, 1978 Schedule rs. No. 13, 1940; No. 51, 1941 am. No. 93, 1966 ESTATE DUTY ACT 1914 - TABLE OF PROVISIONS TABLE TABLE OF PROVISIONS Section 1. Short title 2. Incorporation 3. Imposition of succession duties THE SCHEDULE Rates of Estate Duty ESTATE DUTY ACT 1914 - LONG TITLE SECT An Act to impose Duties upon the Estates of Deceased Persons ESTATE DUTY ACT 1914 - SECT 1 Short title SECT 1. This Act may be cited as the Estate Duty Act 1914.*1* SEE NOTES TO FIRST ARTICLE OF THIS CHAPTER . ESTATE DUTY ACT 1914 - SECT 2 Incorporation SECT 2. The Estate Duty Assessment Act 1914 shall be incorporated and read as one with this Act. ESTATE DUTY ACT 1914 - SECT 3 Imposition of succession duties SECT 3. Estate duty is imposed at the rates declared in the Schedule to this Act upon the estates of deceased persons dying after the commencement of this Act and before 1 July 1979. ESTATE DUTY ACT 1914 - SCHEDULE SCH THE SCHEDULE RATES OF ESTATE DUTY (a) Where the value for duty of the estate does not exceed Twenty thousand dollars-three per centum. (b) Where the value for duty of the estate exceeds Twenty thousand dollars but does not exceed Forty thousand dollars-three per centum increasing by three one-hundredths per centum for every complete Two hundred dollars by which that value exceeds Twenty thousand dollars. (c) Where the value for duty of the estate exceeds Forty thousand dollars but does not exceed Two hundred and forty thousand dollars-six per centum increasing by two one-hundredths per centum for every complete Two hundred dollars by which the value exceeds Forty thousand dollars. (d) Where the value for duty of the estate exceeds Two hundred and forty thousand dollars but is less than One million dollars-twenty-six per centum increasing by one two-hundredths per centum for every complete Two thousand dollars by which the value exceeds Two hundred and forty thousand dollars. (e) Where the value for duty of the estate is One million dollars or more-twenty-seven and nine-tenths per centum.