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STAMP DUTIES.
179
(c.) Taken as donationes mortis causa, or gifts
inter vivos made within a year of death, or whenever
made if immediate possession and enjoyment has not
been assumed hy donee, and thenceforth retained to
exclusion of donor or benefit to him ;
(d.) Which deceased has transferred to himself and
any other person jointly, by disposition or otherwise,
including a purchase or investment alone, or in con-
cert with another, so that the beneficial interest there-
in, or in some part thereof, passes by survivorship
to such other person ;
(e.) Passing under any settlement by deed or in
strument not taking effect as a will, whether made
for valuable consideration or not between settler and
any other person, or any trust in writing or other-
wise whereby an interest for life, or other period de-
terminable by reference to death, is reserved expressly
or by implication to the settler, or whereby he may
have reserved the right, by the exercise of any power,
to restore to himself, or to reclaim the absolute in-
terest therein, or in proceeds thereof ;
(/*.) Proceeds of life policies kept up by deceased
for benefit of a donee, whether nominee or assignee,
or part thereof in proportion to premiums paid by
Mm, where partially kept up ;
(5".) Annuities (other than a single annuity not
exceeding £25, or the first granted of two or more
such), or other interest purchased or provided by
deceased alone or in concert with any other, to extent
of beneficial interest accruing by survivorship or other-
wise on death of deceased ;
(A.) " Property comprised in any special assignation
or disposition taking effect on death."
PEESONS LIABLE — HOW PAYABLE — LIMITATION
OF LIABILITY.
Executor or Tniromliter, Inventory. — Every person
who, as executor, nearest of kin, creditor, or other-
wise, intromits mth, or enters upon the possession
or management of, any personal property wheresoever
situate, of vsrhich deceased, at his death, was com-
petent to dispose, is to pay the duty thereon, on ex-
hibiting and recording in the proper sheriff court,
within six months of the death, an inventory (or
additional or corrective inventory) of deceased's estate
[Forms A, B, and D 1] and may pay, in like manner,
the duty on any other property passing on such death,
which, by virtue of any testamentary disposition of
the deceased, is under his control, or in the case of
property not under his control, if the persons account-
able for the duty thereon request him to make such
payment. He may state on inventory that he does
not know amount or value of certain property which
passed on the death, and undertake, as soon as ascer-
tained, to pay duty thereon, and any further duty
payable by reason thereof on the other property in
the inventory.
Executor is, to the best of his knowledge and
belief, to specify in appropriate accounts annexed to
the inventory (Form A 1) all the property in respect
of which duty is payable upon the death of deceased,
whether he is or is not accountable for the duty there-
on. He shall not be liable for duty in excess of
assets received by hmi, or which, but "for his neglect
or default, he might have received.
BATES OF ESTATE DUTY AND SETTLEMENT
ESTATE DUTY.
Where the principal value exceeds £100 and does not
exceed £500, . . . £1 per cent.
Do. £500 to £1000, . . £2 per cent.
Do. £1000 to £10,000, . . £3 per cent.
Do. £10,000 to £25,000, . £4 per cent.
Do. £25,000 to £50,000, . £4 10s. per cent.
Do. £50,000 to £75,000, , £5 per cent.
Do. £75,000 to £100,000, . £5 10s. per cent.
Do. £100,000 to £150,000, . £6 per cent.
Do. £150,000 to £250,000, . £6 10s. per cent.
Do. £250,000 to £500,000, . £7 per cent.
Do. £500,000 to £1,000,000, £7 10s. per cent.
Do. £1,000,000 and over, . £8 per cent.
Settled property having paid Estate duty will be
exempt from fm-ther payment of that duty during
the continuance of the settlement, but in consider-
ation of that exemption will pay an additional Estate
duty of one per cent. But that additional duty is
not to be paid where the only life interest is that of
the deceased's wife or husband. The Estate duty on
real property will be paid by eight yearly instalments,
with interest at three per cent, from the date of the
delivery of the account.
LEGACY DUTr.
Legacies, Annuities, Residues, cf'c.
To children or their descendants, or lineal pe^"ent.
ancestors, - - - - - £1 o"
By 44 Vict. c. 12, § 41, this duty not payable
where the estate is included in an Inventory or Ac-
count under § 38, on which inventory duty paid.
Brother or sister, or their descendants, - £3
Uncle or aunt, or their descendants, - 5
Grand uncle or aunt, or their descendants, 6
All other relations or strangers, - - 10
The husband or wife of the deceased is not charge-
able with duty. If the legatee's husband or wife is
of nearer consanguinity than the legatee, duty is pay-
able according to such nearer relationship. (16 and
17 Vict. c. 51, § 11.)
This duty is payable for every legacy out of the per-
sonal or movable estate, or out of any personal estate
the deceased has power to dispose of; and (in the
case of a deceased dying before 1st July, 1888) upon
every legacy out of or charged upon the real or
heritable estate of the deceased, or out of any moneys
to arise by the sale, mortgage, or other disposition
of the deceased's real or heritable estate, or any part
thereof, or out of heritable estate subject to his power
of disposal : Also for the clear residue (after deducting
debts, funeral expenses, legacies, and other - charges
first payable thereout) of the personal or movable
estate, whether the title to such residue shall accrue
by virtue of any testamentary disposition, or upon a
partial or total intestacy, and (in the case of a de-
ceased dying before 1st July, 1888) for the clear
residue of the moneys to arise from the sale, mort-
gage, or other disposition of any real or heritable
estate directed to be sold, mortgaged, or otherwise
disposed of by any will or testamentary instrument.
Such duties, in respect of real or heritable estate, to
cease in the case of persons dying on or after 1st
July, 1888, and in lieu thereof the duties payable
under the Succession Duty Act, 1863, and the addi-
tional duty under the Act 51 Vict. c. 8 shall be
payable (51 Vict. c. 8, § 21, 2).

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