This was implemented with the passage of the Finance Act 1975, which abolished estate duty and created the capital transfer tax, with the following characteristics:
22.
By the Customs and Inland Revenue Act 1889, an additional duty of 1 % called an " estate duty " was payable on successions over 10, 000.
23.
My proposals on Rates, Stamp Duty on stock transactions, Capital Duty, Hotel Accommodation Tax, Estate Duty and Passenger Embarkation Fees will come into effect on 1 April this year.
24.
In addition to burial at the " National Shrine " outside Harare amid pomp and political speeches, those accorded hero status are exempted from estate duties on their business empires.
25.
Corporation duty was imposed in 1885, and a temporary estate duty in 1889 ( intended to last until 1896 ), to encompass activities which the previous duties had not captured.
26.
In 1943, with estate duties in mind, the North Shields company was reconstituted and took the name of John Lilley and Gillie Limited, although the shareholders, directors and personnel remained unchanged
27.
Formerly part of the Pentillie Estate and owned by Squire Coryton most of the properties passed into owner occupation after a forced sale to meet Estate Duty in the early 1920s.
28.
The additional succession duties are still payable in cases where the estate duty is not charged, but such cases are of small importance and in practice are not as a rule charged.
29.
He returned to work as a Civil Servant, in the Estate Duty Office, but also attended evening classes at Edinburgh College of Art and saw himself as a serious painter who had a day job.
30.
Control of the business was opened up by the grandson of the founder, chairman Thomas Lilley ( 1872-1951 ) with a public listing of ordinary shares to establish a value for the 80 per cent estate duty just before he died.
