Comparison of present and proposed rates of estate duty
(subject to marginal relief)
|
Estate value
|
Present
|
Proposed
|
Up to $7,000,000
|
No duty
|
No duty
|
$7,000,001 to $7,500,000
|
6%
|
No duty
|
$7,500,001 to $8,500,000
|
6%
|
5%
|
$8,500,001 to $9,000,000
|
12%
|
5%
|
$9,000,001 to $10,000,000
|
12%
|
10%
|
$10,000,001 to $10,500,000
|
18%
|
10%
|
Over $10,500,000
|
18%
|
15%
|
|
