Colony of North Borneo annual report.

  • British North Borneo
Date:
[1954]
Catalogue details

Licence: Public Domain Mark

Credit: Colony of North Borneo annual report. Source: Wellcome Collection.

    192/208 (page 162)
    APPENDIX IV RATES OF ESTATE DUTY At the Where the principal value of the estate rate per centum of $ $ Exceeds 3,000 and does not exceed 5,000 1 - do - 5,000 - do - 10,000 2 - do - 10,000 - do - 25,000 3 - do - 25,000 - do - 50,000 4 - do - 50,000 - do - 100,000 5 - do - 100,000 - do - 150,000 6 - do - 150,000 - do - 200,000 7 - do - 200,000 - do - 300,000 8 - do - 300,000 - do - 400,000 9 - do - 400,000 - do - 500,000 10 - do - 500,000 - do - 750,000 11 - do - 750,000 - do - 1,000,000 12 - do - 1,000,000 - do - 1,250,000 13 - do - 1,250,000 - do - 1,500,000 14 - do - 1,500,000 - do - 2,000,000 15 - do - 2,000,000 - do - 3,000,000 16 - do - 3,000,000 - do - 5,000,000 17 - do - 5,000,000 - do - 7,500,000 18 - do - 7,500,000 - do - 10,000,000 19 - do - 10,000,000 20 Provided that— (i) where the principal value of the estate exceeds $3,000 but does not exceed $5,000 the amount of estate duty payable shall be the amount calculated at 1% of such principal value or the amount by which such principal value exceeds $3,000 whichever is the less; (ii) in all other cases the amount of estate duty payable shall, where necessary, be reduced so as not to exceed the highest amount of duty which would be payable at the next lower rate, with the addition of the amount by which the value of the estate exceeds the value on which the highest amount of duty would be so payable at the lower rate.