Clause 4

The principal Act is hereby amended by inserting immediately after the Seventh Schedule thereto the following new Schedule: —“EIGHTH SCHEDULESection 6(1)(h).Rates of Estate Duty in the Case of Persons Dying on or After 1ST April 1974Principal value of the estateRate of duty $ For every dollar of the first50,000NilFor every dollar of the next15,0005 per centFor every dollar of the next25,00071/ 2 per centFor every dollar of the next25,00010 per centFor every dollar of the next25,000121/ 2 per centFor every dollar of the next50,00015 per centFor every dollar of the next50,00020 per centFor every dollar of the next100,00025 per centFor every dollar of the next100,00030 per centFor every dollar of the next100,00035 per centFor every dollar of the next250,00040 per centFor every dollar of the next250,00045 per centFor every dollar of the next1,000,00050 per centFor every dollar of the next2,000,00055 per centFor every dollar exceeding4,040,00060 per cent”.