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Assignment of share of probate duty grant to Ireland.
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1. The Commissioners of Inland Revenue shall from time to time, in such manner and under such regulations as the Treasury from time to time make, pay in every financial year—
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(b) to such account as is fixed by the regulations (in this Act referred to as the Local Taxation (Ireland) Account),[2]
such sum as may be ascertained, in manner provided by the said regulations, to be nine hundredth parts of the probate duty grant.[3]
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[2 Now the Guarantee Fund under 54 & 55 Vict. c. 48. See s. 15 (8) of that Act.]
[3 For the grant out of probate duties, referred to in this section, a portion of the estate duty derived from personal property was substituted by 57 & 58 Vict. c. 30, s. 19, and by 7 Edw. 7. c. 13, s. 17, the grant was made payable out of the Consolidated Fund.] |