§
Resolved:
That the scale set out in the following Table shall be substituted for the scale set out
2110
in Part 1 of the Tenth Schedule to the Finance Act, 1946, as the scale of rates of estate duty, and the scale in accordance with which estate duty is to be charged on the agricultural value of agricultural property under section twenty-three of the Finance Act, 1925, shall (instead of being that referred to in that section) be the same scale as applies in other cases with a reduction of forty-five per cent. in each of the rates.
| TABLE | |||
| Principal value of estate | Rate percent of duty | ||
| £ | £ | ||
| Not exceeding | 2000 | Nil | |
| Exceeding— | |||
| 2,000 | and not exceeding | 3,000 | 1 |
| 3,000 | and not exceeding | 5,000 | 2 |
| 5,000 | and not exceeding | 7,500 | 3 |
| 7,500 | and not exceeding | 10,000 | 4 |
| 10,000 | and not exceeding | 12,500 | 6 |
| 12,500 | and not exceeding | 15,000 | 8 |
| 15,000 | and not exceeding | 17,500 | 10 |
| 17,500 | and not exceeding | 20,000 | 12 |
| 20,000 | and not exceeding | 25,000 | 15 |
| 25,000 | and not exceeding | 30,000 | 18 |
| 30,000 | and not exceeding | 35,000 | 21 |
| 35,000 | and not exceeding | 40,000 | 24 |
| 40,000 | and not exceeding | 45,000 | 28 |
| 45,000 | and not exceeding | 50,000 | 31 |
| 50,000 | and not exceeding | 60,000 | 35 |
| 60,00 | and not exceeding | 75,000 | 40 |
| 75,000 | and not exceeding | 100,000 | 45 |
| 100,000 | and not exceeding | 150,000 | 50 |
| 150,000 | and not exceeding | 200,000 | 55 |
| 200,000 | and not exceeding | 300,000 | 60 |
| 300,000 | and not exceeding | 500,000 | 65 |
| 500,000 | and not exceeding | 750,000 | 70 |
| 750,000 | and not exceeding | 1,000,000 | 75 |
| 1000,000 | … | … | 80" |