136 TRANSACTIONS OF ROYAL SCOTTISH ARBORICULTURAL SOCIETY. 



a widow, or child under twenty-one, the succession and legacies 

 from the same source do not exceed ^2000. 



Settlement Estate Duty. 



As regards entailed properly where the successor is not 

 entitled to disentail without consents, or without having the 

 consents valued and dispensed with, settlement estate duty as 

 well as estate duty is payable ; but neither of these duties shall 

 be again payable until such estate is disentailed, or until the 

 death of an heir of entail, to whom it passes on or subsequent to 

 the death of the first heir of entail mentioned, and who is entitled 

 to disentail without consents or without havmg the consents 

 valued. This duty is also payable, in addition to estate duty, on 

 the principal value of property settled by the will of a deceased, 

 or which, having been settled by some other disposition, passes 

 under that disposition on the death of the deceased to some 

 person not competent to dispose of the property except where 

 the only life interest in such property, after the deceased's death, 

 is that of the husband or wife of the deceased, or where the 

 disposition took effect before 2nd August 1894, or where the 

 net value of the property liable to estate duty (exclusive of 

 property settled otherwise than by the will of the deceased) 

 does not exceed ^1000. 



Settlement estate duty was formerly chargeable at the rate of 

 I per cent., but has now been increased to 2 per cent. 



Power is given (Section 56) to the Commissioners if they think 

 fit, on the application of any person liable to pay any of these 

 duties in respect of any real (including leasehold) property, to 

 accept in settlement of the whole or any part of such duty, such 

 part of the property as may be agreed upon between the 

 Commissioners and that person. 



With regard to the alterations made by the recent Act, attention 

 may be directed to one or two points. 



(i) The full value of all the woods must now be included in 

 the valuation of an estate, so as to ascertain the rate of 

 duty payable. 



(2) The duties in respect of the woods are not now payable 



until the woods are converted into cash. 



(3) In the event of another death occurring before the woods 



are converted into cash, the first estate will be relieved 



