Commentary

I1.113 Succession duty

IHT, trusts and estates

I1.113 Succession duty

I1.113 Succession duty

Succession duty was introduced in 1853 as a supplement to legacy duty1. Like legacy duty it was an acquisition duty. It was charged at rates which varied according to the relationship between the deceased and the successor. Its rates were originally the same as those for legacy duty but a surcharge was imposed in 1888. This surcharge was not payable where the succession was between spouses or of leasehold property or to charity. This exemption from surcharge was granted in 1894 if estate duty was payable. The rates were increased in 19092 and 19473.

The duty applied to

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