FINANCE ACT, 1894

FINANCE ACT, 1894

5.-THE FINANCE ACT, 1894, s. 20.

Order in Council, 11th May, 1895.

At the Court at Windsor, the llth day of May, 1895.

PRESENT:
The Queen's Most Excellent Majesty.
WHEREAS by the Twentieth Section of ' The Finance Act, 1894,' it is
enacted that Her Majesty the Queen may, by Order in Council apply





that section to any British possession, where Her Majesty is satisfied
that, by the law oi such possession, no duty is leviable in respect of
property situate in the United Kingkom when passing on death

AND WHEREAs Her Majesty's is satisfied that by the respeitive laws of
Ceylon Honakono. the Stralts Settlements, and the Bahama Islands, no

duty is leviable in respect of property situate in the United Kingdom
whell. passing on death:

INTOW, THEREFORE, Her Majesty, by virtue and in exercise of the power
by the aforesaid Act in Her Majesty vested, is pleased, by and with the
advice of Her privy Council, to order, and it is hereby ordered, that the
Twentieth Section of ' The Finance Act, 1894,' shall apply to Ceylon,
Hongkong the Straits Settlen-lents, and the Bahania Islands.


ACT OF 1894-57 & I9J8 VICT. c. 30.

PART I.

ESTATE DUTY.

British Possessions

20.-(1) Where the Commissioners are satisfied, that in a British poss-
ession to which this section applies duty is payable by reason of a death
in respect of any property situate in such possession and passing oii such
death, they shall allow a suin equal to the amount of that duty to be
deduted form the estate duty payable in respect of the propery on the
same death.

(2) _NotLing in this Act shall be held to create a charge for estate duty
on any property situate in a British possession, while so situate, or to
authorise the Commissions to take any proceedings in a British poss-
ession for the recovery of ally estate duty.

(3) Her Malesty the Queen inay, by Order in Council, apply this section
to any British possession, where Her Majesty is satisfied that, by the law
of such possession, either no dtity is leviable in respect of property pituate
in the United Kingdom when passing on death, or that the law of such
possession as respects any ditty so leviable is to the like effect as the
for,egoing provisions of this section.
(4) Her Majesty in Council may revoke any such Order, where it
appears that the law of the British possession has been so altered that it
would not authorise the making of in Order under this, section.
Act of 19894. Exception as to property in British possessions.

Act of 19894. Exception as to property in British possessions.

https://oelawhk.lib.hku.hk/items/show/1045

1912

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