Dáil Éireann - Volume 38 - 06 May, 1931

Financial Resolution No. 12—Death Duties.

Mr. Blythe Mr. Blythe

Mr. Blythe: I move:—

(1) That where there pass on the death of a person dying on or after the date of the passing of the Act giving statutory effect to this Resolution any objects to which this Resolution applies, the value of those objects shall not be taken into account for the purpose of estimating the principal value of the estate passing on the death or the rate at which estate duty is chargeable thereon, and those objects shall, while enjoyed in kind, be exempt from death duties.

(2) That in the event of the sale of any objects to which this Resolution applies, death duties shall, subject to the provisions of this Resolution, become chargeable on the proceeds of sale in respect of the last death on which the objects passed and, as respects estate duty, at the rate appropriate to the principal value of the estate passing on that death upon which estate duty is leviable, and with which the objects would have been aggregated if they had not been objects to which this Resolution applies, and the person by whom or for whose benefit the objects were sold shall be accountable for the duties and shall deliver an account for the purposes thereof within one month after the sale, and interest on the said duties shall be payable from the date of the sale.

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(3) That in the event of a sale of any objects to which this Resolution applies, death duties shall not become chargeable if the sale is to the [823] National Gallery of Ireland, the National Museum of Science and Art, or any other similar national institution, any university, county council or municipal corporation in Saorstát Eireann, or the Friends of the National Collections of Ireland.

(4) That this Resolution applies to the following objects, that is to say, such pictures, prints, books, manuscripts, works of art, scientific collections or other things not yielding income as on a claim being made to the Minister for Finance under this Resolution, appear to him to be of national, scientific, historic or artistic interest.

(5) That nothing in this Resolution shall affect the powers conferred on the Minister for Finance by subsection (2) of Section 15 of the Finance Act, 1894.

Resolution put and agreed to.

Dáil Éireann 38 Financial Resolution No. 12—Death Duties.

General Debate

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