Schedule 1

FIRST SCHEDULESection 5Rates of estate duty in the case of persons dying on or after 1 April 1974 and before 1 April 1977Principal value of the estateRate of dutyFor every dollar of the first $50,000NilFor every dollar of the next $15,0005%For every dollar of the next $25,0007½%For every dollar of the next $25,00010%For every dollar of the next $25,00012½%For every dollar of the next $50,00015%For every dollar of the next $50,00020%For every dollar of the next $100,00025%For every dollar of the next $100,00030%For every dollar of the next $100,00035%For every dollar of the next $250,00040%For every dollar of the next $250,00045%For every dollar of the next $1,000,00050%For every dollar of the next $2,000,00055%For every dollar exceeding $4,040,00060%