HC Deb 31 July 1940 vol 363 c1262 16. "That—
  1. (a) in the case of persons dying after the twenty-third day of July, nineteen hundred and forty, there shall be substituted for the rates of estate duty set out in the Second Schedule to the Finance Act, 1930 (as increased by subsequent enactments), rates in accordance with the following Table:
    2. 1264
    TABLE.
    Principal Value of Estate. Rate per cent. of Duty.
    £ £
    Exceeding 100 and not exceeding 500 1
    Exceeding 500 and not exceeding 1,000 2
    Exceeding 1,000 and not exceeding 5,000 3
    Exceeding 5,000 and not exceeding 10,000 4
    Exceeding 10,000 and not exceeding 12,500 6
    Exceeding 12,500 and not exceeding 15,000 7.2
    Exceeding 15,000 and not exceeding 18,000 8.4
    Exceeding 18,000 and not exceeding 21,000 9.6
    Exceeding 21,000 and not exceeding 25,000 10.8
    Exceeding 25,000 and not exceeding 30,000 12
    Exceeding 30,000 and not exceeding 35,000 13.2
    Exceeding 35,000 and not exceeding 40,000 14.4
    Exceeding 40,000 and not exceeding 45,000 15.6
    Exceeding 45,000 and not exceeding 50,000 16.8
    Exceeding 50,000 and not exceeding 55,000 19.5
    Exceeding 55,000 and not exceeding 65,000 20.8
    Exceeding 65,000 and not exceeding 75,000 22.1
    Exceeding 75,000 and not exceeding 85,000 23.4
    Exceeding 85,000 and not exceeding 100,000 24.7
    Exceeding 100,000 and not exceeding 120,000 26
    Exceeding 120,000 and not exceeding 150,000 28.6
    Exceeding 150,000 and not exceeding 200,000 31.2
    Exceeding 200,000 and not exceeding 250,000 33.8
    Exceeding 250,000 and not exceeding 300,000 36.4
    Exceeding 300,000 and not exceeding 400,000 39
    Exceeding 400,000 and not exceeding 500,000 41.6
    Exceeding 500,000 and not exceeding 600,000 44.2
    Exceeding 600,000 and not exceeding 800,000 46.8
    Exceeding 800,000 and not exceeding 1,000,000 49.4
    Exceeding 1,000,000 and not exceeding 1,250,000 52
    Exceeding 1,250,000 and not exceeding 1,500,000 54.6
    Exceeding 1,500,000 and not exceeding 2,000,000 58.5
    Exceeding 2,000,000 65
  2. (b) any Act of the present Session relating to estate duty may make provision as respects cases where an interest in expectancy has been sold or mortgaged and the rates of estate duty in force in the case of a person dying when the interest falls into possession are higher than the rates in force in the case of a person dying at the time of the sale or mortgage."