Preamble. ARRANGEMENT OF CLAUSES. I. Interpretation. Interpretation of Act.-Real Property; Personal Property; Property; Disposition; Succession; Trustee; Person; Legacy Duty Acts; Sect. 1. II. Description of Successions to be charged with Duty. What Dispositions and Devolutions of Property shall confer Successions; Definition of "Successor," "Predecessor;" 2. Joint Tenants taking by Survivorship to be deemed Successors; 3. Dispositions to take effect at Periods depending on Death, or made for the Purpose of evading Duty, to confer Successions; 7. III. Management and Grant of Duties. Duties to be under the Care of the Commissioners of Inland Revenue; 8. Duties on Successions; 9. Provision as to married Persons chargeable with Succession or Legacy What Duties payable when the Successor is also Predecessor; 11. Duty payable in respect of transferred Interests; 13. Succession subject to Trusts for charitable or public Purposes chargeable with Duty; 14. Life Policy; 15. Exemptions; 16. Leasehold Estates not to be charged with Legacy Duty as Personal Estate; 17. Duties to be paid on the Successor becoming entitled in possession; but in the Case of outstanding Interests, at the Determination thereof; 18. IV. Real Property. The Interest of a Successor in Real Property to be considered as an Annuity; 19. Rule for valuing Buildings, Houses, &c.; 20. Rule for valuing Timber; 21. Rule as to Advowsons; 22. Rule as to Property subject to beneficial Leases; 23. Rule as to Manors, Mines, &c.; 24. Duty payable by Corporations and Companies on taking Real Estate; 25. Allowance for Fines, &c. paid by Successor; 26. Real Property directed to be sold to be charged as Personalty; 27. V. Personal Property. Personal Property to be invested in Real Property, how to be charged; 28. Annuities under this Act and the Legacy Duty Acts to be valued according to the Tables annexed to this Act; 29. Provisions as to the Assessment of Personalty; 30. VI. Real and Personal Property. Allowance to Donee of general Power of Appointment; 31. No Allowance to be made in respect of contingent Incumbrances, unless they take effect; 33. The Duty on Successions to be calculated without regard to any Contingency upon which the Interest of the Successor may be defeated; but in the event of the Contingency happening, the Successor to be entitled to the Return of a proportional Amount of Duty; 34. Provision for Allowance or Return of Duty; 35. Allowance to be made to Successor in respect of relinquished Property; 36. Manner of assessing Duty on Property the Value of which cannot be ascertained under the foregoing Directions; 37. Power of Commissioners to receive Duty in advance; 38. Duty to be a First Charge on Property; 40. VII. Collection of Duty. Provision for the separate Assessments of Properties; 41. Notice of Succession to be given to the Commissioners, and a Return of the Property made; 43. Penalty on not giving Notices of Succession; 44. Proceeding if Return not made; 45. Power to enforce Returns from Executors and Administrators; 46. Power of Commissioners to compel Production of Books and Documents, and to inspect public Books without Payment of any Fee; 47. Power of accountable Party to appeal; 48. Duty to be entered by Commissioners in a Book, and a stamped Receipt to be given; 49. Protection to bonâ fide Purchasers; 50. No Discharge available to a Trustee from whom Duty due; 51. Court in Suits for the Administration of Property to provide for Payment of Duty; 52. Persons falsifying Accounts, or making false Statements to the Commissioners, guilty of Perjury; 53. Commencement of Act; 54. Short Title of Act; 55. A BILL FOR Granting to Her Majesty Duties on Succession to Property, and for altering certain Provisions of the Acts charging Duties on Legacies and Shares of Personal Estates. [Note.-The Words printed in Italics are proposed to be inserted Most Gracious Sovereign, W E, Your Majesty's most dutiful and loyal Subjects the Commons of the United Kingdom of Great Britain and Ireland in Parliament assembled, towards raising the 5 necessary Supplies for defraying Your Majesty's public Expenses and making a permanent Addition to the Public Revenue, have freely and voluntarily resolved to grant unto Your Majesty the Duties hereinafter mentioned; and do most humbly beseech Your Majesty that it may be enacted; and be it enacted by the Queen's most Excellent 10 Majesty, by and with the Advice and Consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the Authority of the same, as follows: 15 I. In the Construction and for the Purposes of this Act, Interpreta "Real Pro |