...Duties fall under three heads, ie, Estate Duty, Legacy Duty and Succession Duty. Estate Duty is a tax on all property, real or personal, settled or not settled, which passes on the death of a deceased person. The tax is operated on a sliding scale varying from 2.2 per centum...

...Finance Act, 1894. That statute enacts in the first section that certain duties shall be levied and paid upon the principal value of all property, real or personal, settled or not settled, which passes on the death of a person dying after the commencement of the Act. The second Earl Cowley died possessed...

...use of the Government of this Island, upon the principal value ascertained as hereinafter provided of all property, real or personal, settled or not settled, which passes on the death of such person a duty, called "Estate Duty" at the graduated rates hereinafter mentioned....

...Estate Duty, first imposed in 1894 when Sir William Harcourtjwas Chancellor of the Exchequer, is raised upon the principal value of all property real or personal, settled or not settled, p;r- ing by death. The basis of this principal value of real property is the estimated prict which,...

...expressly provided, be levied and paid, upon the principal value ascertained as hereinafter provided of all property, real or personal, settled or not settled, which passes on the death of such person a duty, called " estate duty," at the graduated rates hereinafter mentioned,...

...expressly provided, be levied and paid, upon the principal value ascertained as hereinafter provided of all property, real or personal, settled or not settled, which passes on the death of such person a duty called ' Estate Duty.' ..." Section 2, sub-section 1 : " Property passing...

...Finance Act is no doubt the most generally important and interesting of the five. It provides that on the principal value of all property, real or personal, settled or not settled, passing on the death of any person after the commencement of the Act, a duty called Estate Duty shall...