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
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