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The Pamphlet Collection of Sir Robert Stout: Volume 14
Legacy and Succession Duties
Legacy and Succession Duties.
Amount paid at each Rate in the Year ended 31st March, 1886.
| Rates of Duty. | Amount of Duty. | Amount of Properly upon which Duty was paid. |
|---|---|---|
| £ | £ | |
| 1 per cent. | *229,481 | 22,941,851 |
| 2½ per cent. | 9 | 371 |
| 3 per cent. | 1,016,813 | 33,879,096 |
| 4 per cent. | 4 | 93 |
| 5 per cent. | 188,618 | 3,771,256 |
| 6 per cent. | 26,890 | 448,003 |
| 8 per cent. | 35 | 444 |
| 10 per cent. | 1,030,665 | 10,303,539 |
| Under 56 G. 3. c. 56 | 167 | 30,720 |
| Total | £22,492,682 | £71,375,373 |
| £ | £ | |
|---|---|---|
| 1 per cent. | 335,428 | 33,296,497 |
| 3 per cent. | 267,112 | 8,828,308 |
| 5 per cent. | 42,100 | 835,334 |
| 6 per cent. | 11,109 | 183,772 |
| 10 per cent. | 228,867 | 2,272,618 |
| Total | £884,616 | £45,416,529 |
Mr. Joseph Dodds, M.P. (a Vice-President of the Financial Reform Association) has persistently attacked and exposed the inequities of the system upon which the Death Duties are and have been assessed. To his agitation has been mainly duo the reforms carried out in 1880 and 1881 (by successive Ministers) in the collection of Probate Duty, which reforms have palpably relieved the burden upon small personal estates, and in a pamphlet Mr. Dodds has dealt exhaustively with the whole subject in view of further simplifications and reforms.—["Death Duties," by Joseph Dodds, M.P. Published at Financial Reform Offices.] It may be mentioned, as showing the extent of benefit conferred by Mr. Gladstone's alteration of this duty in 1881, that the total number of estates exempted by it from Legacy Duty amounted to 32,915 in the first twelve months.
* The 1 per cent, duty was repealed as from 1st June, 1881, under the Act 44 & 45 Vict. c. 12.