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Finance Act, 1896
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Estate duty on fractions of one hundred pounds.

17.[1] Section seventeen of the principal Act shall have effect as if there were added at the end thereof the following proviso in substitution for the existing proviso as to fractional parts of ten pounds:—

Provided that where the principal value of an estate comprises a fraction of one hundred pounds in excess of one hundred pounds, or of any multiple of one hundred pounds, such fraction shall be excluded from the value of the estate for the purpose of determining both the rate and the amount of duty, except that where the principal value of the estate exceeds one hundred pounds and does not exceed two hundred pounds the duty shall be one pound.

[1 S. 17 is rep. 63 & 64 Vict. c. 7, s. 18, as respects persons dying after April 9, 1900.]