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60
STAMP DUTIES.
excluding executors, constituting the succession, '
or part of the succession, of any person who shall
have died on or after the 3rd day of April, 1860,
shall be liable to inventory-duty under the said
recited Act."
There are two modes of paying the duty provided
for— 23 and 24 Vict. c. 80, § 3 and 4—
1 , By a " Special Inventory " of the property, to
be lodged with the Solicitor of Inland Revenue
at Edinburgh (a form of which, with relative oath,
is given in the schedule to the Act), stamped
according to the amount of property contained in
it. The inventory stamp shall be testate or in-
testate according as the stamp on the inventory of
the personal estate shall denote the testate or in-
testate rate of duty.
2. By adding the amount of the property to the
inventory of the personal estate, and paying stamp-
duty upon the aggregate amount.
This second mode will generally be the most advan-
tageous for the tax payer, and will be followed
when the interest in the lieritable and movable
estate is the same, or when the heir and executor
can make an arrangement as to the payment of
the duty. As to both modes of paying the duty,
it is declared that the duty is ultimately to be
borne by the parties proportionally according to
their interests in the property.
The 5th sect, of 23 and 24 Vict. c. 80, provides,
that the inventory-duty shall be payable on the
property made liable by the Acts referred to, ac-
cording to the value of such property at the time
the inventory containing it shall be sworn to,
including the proceeds accrued thereon down to
that time.
It will be observed that the inventory-duty on
money secured on heritage, &c., is limited to such
property constituting the succession of a person
who shall have died on or after the 3rd April,
1860 (23 and 24 Vict. c. 80, § 1) ; but the pro-
vision for valuing property at the date of the affi-
davit to the inventory, and including the proceeds
down to that time, is retrospective and universal
in its operation, applying to all inventories sworn
to on or after that date without regard to the date
of death.
III. General Observations.
In the case of a person dying domiciled iu Scotland,
having personal property in Scotland, England,
and Ireland, and also money secured on heritage,
&c,, duty in respect of the whole may be paid on
the inventory required to be recorded in the Com-
missary Court; or inventory-duty may be paid
ou the personal property situated in Scotland, and
duty may be paid on a "special inventory" of
the money secured on the heritage, &c., and pro-
bate or administration may be obtained in Eng-
land and Ireland in respect of the personal estate
in these countries, and duty paid in respect of
such on these instruments.
In case of a person dying domiciled furth of the
United Kingdom leaving personal estate in Scot-
land, England, and Ireland, an inventory must be
given up in Scotland, probate or administration
taken out in England and Ireland, and duty
paid on such in respect of the property in each
Country,
ABSTRACT OF THE RATES OF INVENTORY DUTX.
DUTIES.
ESTATES
Above
And under
Testate.
^
Intestate.:
£20
£50
lOs.
lOs.
20
100
10s.
Of tbe value of
£50
100
10s.
£1!
100
200
£2
3;
200
300
5
8'
300
450
8
Hi
450
600
11
15
600
800
15
22:
800
1,000
22
SO
1,000
1,500
30
45
1,500
2,000
40
60
2,000
3,000
50
75:
3,000
4,000
60
90(
4,000
5,000
80
1201
5,000
6,000
100
loOi
6,000
7,000
120
180
7,000
8,000
140
210
8,000
9,000
160
240
9,000
10,000
180
270
10,000
12,000
200
300
12,000
14,000
220
380
14,000
16,000
250
375
16,000
18,000
280
420
18,000
20,000
310
4G5
20,000
25,000
350
525
25,000
30,000
400
600
30,000
35,000
450
675
35,000
40,000
625
785
40,000
45,000
600
900
45,000
50,000
675
1,010
50,000
60,000
750
1,125
60,000
70,000
900
1,350
70,000
80,000
1,050
1,5T5
80,000
90,000
1,200
1,800
90,000
100,000
1,350
2,025
100,000
120,000
1,500
2,250
120,000
140,000
1,800
2,700
140,000
160,000
2,100
3,150
160,000
180,000
2,400
3,(^00
180,000
200,000
2,700
4,05 Q
200,000
250,000
3,000
4,n0fl
250,000
300,000
3,750
6,625
300,000
350,000
4,500
6,75fl
350,000
400,000
5,250
7,87S
400,000
500.000
6,000
9,00fl
500,000
600,000
7,500
11,25C
600,000
700,000
9,000
i3,5UC
700,000
800,000
10,500
15,75C
800,000
900,000
12,000
18,00C
900,000
1,000,000
13,600
2U,25(
Above £1,000,000, for every
£100,000,
and fractional
part of £100,000, 22
and
23 Vict. c.
36, § 1,....
1,500
2,25(
Return of Inventory Duty. i
The inventory duty and probate and administratioa^
duty are paid on the whole personal property,
without deduction of debts ; but the Act 5 and 6
Vict. c. 79, § 23, provides for a return being given
on proof of the constitution and payment of the
debts. This return must be claimed within tliree
years, but the time will be prolonged on appli-
cation to the Board of Inland Revenue. A return
1 of the duty paid on heritable securities may also