deliver an account, in accordance with section eight of the principal Act, in the case of a sale within one month after the sale, and in the case of a person coming into possession, or if in possession becoming competent to dispose, within six months after he so copies into possession, or becomes competent to dispose.
Allowance of succession duty, &c., paid out of capital before commencement of 57 & 58 Vict. c. 30.21. Where on the death of a deceased person estate duty becomes payable by a person in respect of any property passing under a settlement made by a will or disposition which took effect before the commencement of the principal Act, and before that before commencement any duty mentioned in paragraphs three to five of the First Schedule to the principal Act has been paid or is payable under the same Mali or disposition on the capital value of the property, the Commissioners of Inland Revenue shall allow the duty so paid or payable as a deduction from the estate duty to the extent to which it has been paid or is payable in respect of the property on which estate duty is payable.
Appeal from county court under 57 & 58 Vict. c. 30. s. 10.22. There shall be added to sub-section five of section ten of the Appeal from principal Act the following proviso: Provided that in every such county court case any party shall have a right of appeal to Her Majesty's Court of Appeal.
Amendment of 57 & 8 Vict. c. 30. as to certain heirs of entail in Scotland23.The Finance Act, 1894, shall be construed as if there were Amendment of added in section twenty-three thereof, after sub-section fifteen, the following enactment:
Provided that for the purposes of section eighteen of this Act entail in such institute or heir of entail shall not be deemed to be a person competent to dispose of such estate, unless he is entitled to disentail it without obtaining the consent of any subsequent heir of entail, or having the consent of any subsequent heir valued and dispensed with.
Commencement and construction of Part of Act.24.—(1.) Unless the context otherwise requires—
(a) this Part of this Act shall come into operation on the first day of July one thousand eight hundred and ninety-six, which day is in this Part of this Act referred to as the commencement of this Part of this Act; and
(b) the expression "deceased person" means a person dying after the commencement of this Part of this Act.
(2.) Part L of the Finance Act, 1894, is in this Act referred to as "the principal Act."
PART V.
Income Tax.
Rate of income taz for 1896-725. Income tax for the year beginning on the sixth day of April one thousand eight hundred and ninety-six, shall be charged at the rate of eightpence.
Application of Income tax Acts.26.—(1.) Where this or any other Act enacts that income tax shall be charged in any year at any rate, there shall be charged, levied, and paid during that year in respect of all property, profits, and gains respectively described or comprised in