The term "Minister" means the Treasurer or other Minister of the Crown for the time being charged with the administration of this Act. In respect of the fees payable under this Act in connection with the grant of probate or letters of administration, the value of such unpaid amount shall be the money value which it would have if payable at the date of the application for the grant. Provided that no person who, at the time fixed for the coming into force of this Act, is entitled to immediate reversion in any immovable property anticipated by the determination of any lease for life or for years determinable for life, shall be liable relating to. such decision, in case the same happens during his lifetime.
Duties to be deemed to be stamp duties and to be under the direction of the Commissioner of Stamp Duties. If the same exceeds per cent., together with an additional percentage of the amount or the principal amount of 0 · 5 per cent. If the entire property of such a company were tangible property, such shares shall be deemed to be fully prescribed property. iii).
For the purposes of this paragraph (c), the Commissioner may ascertain the value of all the property of the corporation (including the property in question) and the value of the property in question from the accounts and records of the corporation at an appropriate balance sheet date as near as may be immediately before date of death of the predecessor. For the purposes of this section, the prescribed percentage— (a) where the value of the estate is $120,000 or less—fifty per Provided that no tax shall be payable on the determination of a lease purporting at the date hereof to be a lease for rack rent, in respect of the increase accruing to the successor upon such determination.
When a successor takes only a limited interest in real property, the value of the estate is estimated solely at the value of that limited interest. Right to legacies, etc., paid in a manner other than in money, etc., to be paid according to the value of the payment. Upon receipt of the specified amount, the commissioner shall accordingly discharge the obligation.
Duty to be a first charge on the interest of the successor and persons claiming under him in the property, etc. With regard to the coming into force of the amendments made by the Succession and Probate DUJties Aots Amendment Act of 1918, see ibid. Notice of succession must be given to the Commissioner, and an account of the property delivered.
The provisions to be introduced were inserted in Art. 12 of the founding act, ante.). 2) (This subsection added the words to the first paragraph of the said section and concluded with the following provision.). This amendment shall be deemed to have been inserted in the said fourth section on the day of the passing of the Inheritance and Probate Duties Act, 1904, and to that extent that Act shall have retrospective effect.
The provisions of Article Twelve of the Principal Act, as amended by this Act, shall apply in the case of a person who dies on or after the date on which this Act is passed.
N. GILLIES
The authorized person is the sole judge of the applicant's fitness to register as an authorized valuer. A notice given by Queensland companies under section 2 of the Inheritance and Probate Duties Act 1892, as amended by the Act 1895, must be in Form F in that Schedule. A certificate to be issued to the Registrar of the Supreme Court shall be in accordance with Form M in the Appendix to this Schedule.
Where no tax is payable or the entire tax has been paid, the certificate will be in the Form N in the Schedule hereto. Must be sworn to and filed with the Application to the Clerk of the Supreme Court for a grant of probate or letters of administration. Full details of the debts owed and owed by the deceased which can be deducted from the value of the assets:-.
AN ACCOUNT OF THE REAL AND PERSONAL OWNERSHIP OF A DECEASED PERSON DELIVERED BY THE PUBLIC CURATOR. Property not falling under any of the above headings, as per Schedule No. schedule shall contain full particulars of the property and the value of the same at the death of the deceased.
Was the said decedent in possession of real or personal property other than that disclosed herein, regardless of the location of such real or personal property, at the date of his death. AN ACCOUNT of all the real and PERSONAL PROPERTY and of the succession arising on the death of,*. Property that does not fall under any of the above headings, according to Annexure No.
Full details of debts actually due and owed by the deceased at the time of his death which may be deducted in terms of the laws. The list must contain complete information about the property and its value at the time of the deceased's death. Return under section 2 of the Inheritance and Probate Duties Act, 1892. Amendment of Act, 1895.
I hereby give notice that no duty of probate or administration is payable to the estate of the above in respect of the property disclosed. I hereby certify that all posthumous liability of , in respect of the Inheritance of the Property specified in the Notices of Inheritance filed has been duly accounted for and paid to us.
INDEX
SUCCESSION DUTIES ACT 1892-1973 and
REGULATIONS
Election or order for management by the public trustee. Encumbrance, registration for non-payment of duties shall be deemed to be an estimate.
