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DEATH DUTY ASSESSMENT ACT 1973

Table of Provisions

PART I -- Preliminary  

  • 1 Short title
  •  
  • 2 Commencement
  •  
  • 3 Repeal and application
  •  
  • 4 Division of Act
  •  
  • 5 Definitions

PART II -- Administration  

  • 6 Functions of Commissioner, etc.
  •  
  • 7 Secrecy of information

PART III -- Liability to duty  

  • 8 Duty on estates of deceased persons
  •  
  • 9 Duty to be paid by administrators

PART IV -- Dutiable property and deductions  

  • 10 Property comprised in estate for purposes of this Act
  •  
  • 11 Deduction of liabilities in calculation of final balance
  •  
  • 12 Deduction of certain legacies, etc., in calculation of final balance

PART V -- Statements  

  • 13 Statement to be filed
  •  
  • 14 Powers of Commissioner where statement is not filed
  •  
  • 15 Power of Commissioner to require additional information
  •  
  • 16 Alterations to statements

PART VI -- Assessment of duty

Division 1 -- General  

  • 17 Assessment of duty
  •  
  • 18 Power to compromise duty
  •  
  • 19 Ascertainment of duty on property passing to an uncertain person or on an uncertain event
  •  
  • 20 Notice of assessment

Division 2 -- Amendment of assessments  

  • 21 Amendment of assessments

Division 3 -- Exemption, allowances and rebates  

  • 22 Exemption for widows and widowers
  •  
  • 23 Allowances in relation to dependent children
  •  
  • 24 Furniture and personal effects allowance
  •  
  • 25 Quick succession allowance
  •  
  • 26 Reduction of duty in certain cases where stamp duty has been paid
  •  
  • 27 Reduction of duty where duty is also payable outside the State
  •  
  • 28 Reduction of duty where deceased died on or as a result of active service
  •  
  • 29 Application of and method of applying this Division

PART VII -- Payment of duty

Division 1 -- Time for payment; interest.  

  • 30 Time for payment of duty
  •  
  • 30A Arrangements in case of hardship
  •  
  • 31 Deferment of duty
  •  
  • 32 Interest on duty

Division 2 -- Collection and recovery  

  • 33 Duty a debt to Her Majesty and a charge on estate
  •  
  • 34 Recovery of duty by Commissioner
  •  
  • 35 Administrator to pay duty out of property vested in him
  •  
  • 36 Person liable to pay duty may apply for order to sell
  •  
  • 37 Powers of Court

Division 3 -- Adjustment  

  • 38 Adjustment of duty
  •  
  • 39 Duty on limited interest payable out of corpus

Division 4 -- Miscellaneous  

  • 40 Purchasers not bound to inquire
  •  
  • 41 Court may make vesting order

Division 5 -- Release and disposal of assets  

  • 42 Property not to be disposed of without consent of Commissioner
  •  
  • 43 Property accruing by survivorship not to be registered without consent of Commissioner
  •  
  • 44 Assets not to be released without consent of Commissioner
  •  
  • 45 Exceptions in case of certain life assurance policies
  •  
  • 46 Exceptions in case of bank accounts

PART VIII -- Valuation

Division 1 -- General  

  • 47 Property to be valued at date of death
  •  
  • 48 Outstanding options to be disregarded
  •  
  • 49 Ascertainment of value of debts
  •  
  • 50 Valuation of shares in unadministered estates and trust estates
  •  
  • 51 Valuation of interest of tenant in common

Division 2 -- Valuation of partnershp interests and company shares  

  • 52 Valuation of partnership interests
  •  
  • 53 Non-domiciled persons with partnership interests in this State
  •  
  • 54 Valuation of shares in private companies
  •  
  • 55 Valuation of shares in other companies
  •  
  • 55A Deduction in respect of loss on sale of certain marketable securities
  •  
  • 56 Certain valuation provisions to be disregarded

PART IX -- Objections and appeals  

  • 57 Objections
  •  
  • 58 Appeals

PART X -- Penal provisions  

  • 59 Obstructing officers
  •  
  • 60 Offences
  •  
  • 61 Institution of prosecutions
  •  
  • 62 Penalties not to affect liability

PART XI -- Miscellaneous  

  • 63 Dispositions etc. made to avoid or diminish duty
  •  
  • 64 Commissioner may state a case to Court
  •  
  • 65 Power of Commissioner to obtain information and inspect documents
  •  
  • 66 Inspection of statements, etc.
  •  
  • 67 Consent of Commissioner to dealings, dispositions, etc.
  •  
  • 68 Evidence
  •  
  • 69 Service of notices, etc.
  •  
  • 70 Regulations

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