Stamp Duties (Amendment) Act 1958 (NSW)

STAMP DUTIES (AMENDMENT) ACT.

Act No. 47, 1958.

Elizabeth II, An Act to make further provision with respect to No. 4 ^ 9 5 8 . exemptions from, and concessional rates applic­

able to, death duty; for this purpose to amend the Stamp Duties Acts, 1920-1956; and for purposes connected therewith. [Assented to, 31st December, 1958.]

T>E it enacted by the Queen’s Most Excellent Majesty, by ^ and with the advice and consent of the Legislative Council and Legislative Assembly of New South Wales in Parliament assembled, and by the authority of the same, as follows: —

Short title	1. (1) This Act may be cited as the “Stamp Duties (2) The Stamp Duties Act, 1920, as amended by sub­ sequent Acts and by this Act, may be cited as the Stamp Duties Act, 1920-1958.
and
citation.	(Amendment) Act, 1958”.

Amendment 2. The Stamp Duties Act, 1920, as amended by sub-

47 ̂ 9* '’̂ °' sequent Acts, is amended—

Sec. IOId. (a) by inserting at the end of paragraph (c) of sub­

(Death duty	section four of section lOlo the following new
—local
domicile—	subparagraph ; —
estates of
certain	(iii) This paragraph .shall, in the case of every person who dies after the commencement of the Stamp Duties (Amendment) Act, 1958, whether in New South Wales or elsewhere and who was at the date of his death domiciled in New South Wales, be
persons.)

read

Stamp Duties (Amendment) A ct 537

read and construed as if the words “two thousand five No. 47,1958.

hundred pounds” wherever occurring in subpara­

graphs (i) and (ii) of this paragraph were omitted

therefrom and the words “five thousand pounds”

were inserted in lieu thereof.

(b)	by inserting next after subsection three of section Sec. ii2c.
1 ] 2c the following new subsection : — (Abatement in favour

(3 a ) This section shall, in the case of every etc'!^in°'^’

person who dies after the commencement of the certain Stamp Duties (Amendment) Act, 1958, be re:id ’ and construed—

(a)	as if the words “seven thousand five hundred pounds” wherever occurring in subsections one and two of this section were omitted therefrom and the words “ten thousand pounds” were inserted in lieu thereof;
(b)	as if the symbols and figures “£3,000”, “£4,000”, “£5,000”, “£6,000” and “£7,500” wherever occurring in subsection three of this section were omitted therefrom and the symbols and figures “£6,000”, “£7,000”, “£8,000”, “£9,000” and “£10,000” were respectively inserted in lieu thereof.

,(c) by inserting at the end of section 11 2d the following Sec. i i 2d.

new paragraph : —■

(Non-

aggregated

This section shall in the case of every person who exem^mT dies after the commencement of the Stamp Duties from duty (Amendment) Act, 1958, be read and construed as

if the words “seven thousand five hundred pounds” were omitted therefrom and the words “ten thousand pounds” were inserted in lieu thereof.

SYDNEY