Stamp Duties (Amendment) Act 1963 (NSW)

STAMP DUTIES (AMENDMENT) ACT.

Act No. 41 , 1963.

Elizabeth II, An Act to make further provision with respect to

« ^ i963 exemptions from, and concessional rates applicable to, death duty; for this purpose to amend the Stamp Duties Act, 1920-1962; and for purposes connected therewith. [Assented to, 6th November, 1963.]

BE

Stamp Duties (Amendment) Act. 307

F>E it enacted by the Queen’s Most Excellent Majesty, by No. 41,1963

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: —■

1.     This Act may be cited as the “Stamp Duties (Amend- Short tide,

ment) Act. 1963”.

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

quent Acts, is amended— 47,^920°’

(a)	by inserting at the end of paragraph (c) of sub-Sec. lOio. section four of section 10Id the following n e w (Death duty
subparagraph : — d^midie-

estates of

(iv) This paragraph shall, in the case of every persons.)

person who dies after the commencement of the Stamp Duties (Amendment) Act, 1963, whether in New South Wales or elsewhere and who was at the date of his death domiciled in New South Wales, be read and construed as if the words “two thousand five hundred pounds” wherever occurring in subparagraphs (i) and (ii) of this paragraph were omitted therefrom and the words “ten thousand pounds” were inserted in lieu thereof.

(b)	by inserting next after subsection (3a) of section sec. 112c.
112c the following new subsection : — (Abatement in favour of widow,

( 3 b ) This section shall, in the case of every etc., in

person who dies after the commencement of the	i
Stamp Duties (Amendment) Act, 1963, be read 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 “fifteen thousand pounds” were inserted in lieu thereof;

(b)

308                 Appropriation Act.

No. 41, 1963 (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 “£11,000”, “£12,000”, “£13,000”, “£14,000” and “£15,000” were respectively inserted in lieu thereof.

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

(Non-	new paragraph : —
property—
exemption	This section shall in the case of every person Duties (Amendment) Act, 1963, be read and con­ strued as if the words “seven thousand five hundred pounds” were omitted therefrom and the words “fifteen thousand pounds” were inserted in lieu thereof.
from duty	who dies after the commencement of the Stamp
in certain
cases.)

aggregated