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Home > Art, Film & Photography > The Law of Collateral and Direct Inheritance, Legacy and Succession Taxes, Embracing All American and Many English Decisions, with Forms for New York State, and an Appendix Giving the Statutes of New York, New Jersey, Pennsylvania, Massachusetts, M
The Law of Collateral and Direct Inheritance, Legacy and Succession Taxes, Embracing All American and Many English Decisions, with Forms for New York State, and an Appendix Giving the Statutes of New York, New Jersey, Pennsylvania, Massachusetts, M

The Law of Collateral and Direct Inheritance, Legacy and Succession Taxes, Embracing All American and Many English Decisions, with Forms for New York State, and an Appendix Giving the Statutes of New York, New Jersey, Pennsylvania, Massachusetts, M


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Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: prehensive.i8 It was called Vicesima hereditatum et leg- atorum. 4. Succession and Legacy Taxes in England. In England the legacy tax is said to have been first brought to public notice byAdam Smith.78 There is reasonable ground for claiming, however, that what was substantially an inheritance or succession tax also existed under the feudal system, especially in the exactions which were made by the feudal lords of what are known as reliefs and primer seisins, in which the heir or successor was compelled to pay a certain sum, or perform a certain service, before he could be invested with the estates of his ancestor.28 While the statutes in this country,2i as a general rule, cover in one law all property passing to collaterals, etc., by will and by instrument inter vivos, to take effect at or after the death of the grantor, whether of real or personal property, in England legacy and succession taxes are imposed under independent statutes. Only legacies of personal property were, at first, taxed in that country. Successions to real property, to which the term is more accurately restricted,22 were not made liable until the year 1853. The English legacy act originated, in 1780, with Lord North, whose attention, it is stated, was drawn to the Roman and Holland systems by Adam Smith's book. i8i Gibb. Rome, p. 134. See, also, Williams' Case (1S27) 3Bland. 259. i Smith, Wealth Nat. pp. 683, 684. 28 Bl. Comm. (Share. Ed.) bk. 2, 66-68; Smith, Wealth Nat . p. 684; Ely, Tax'n, 32. 2i See Appendix, where 10 of the most important state statutes are given in full. -2 Blake v. McCartney, 4 Cliff. 101, Fed. Cas. No. 1,408. 23 3 Dowell, Hist . Tax'n, 148. Gibbon's History was published between 1770 and 17SO; Smith's work in 1776; but it is just as likely, as Gibbon held...


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Product Details
  • ISBN-13: 9780217596381
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 190
  • Spine Width: 10 mm
  • Width: 189 mm
  • ISBN-10: 021759638X
  • Publisher Date: 14 Jan 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 349 gr


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The Law of Collateral and Direct Inheritance, Legacy and Succession Taxes, Embracing All American and Many English Decisions, with Forms for New York State, and an Appendix Giving the Statutes of New York, New Jersey, Pennsylvania, Massachusetts, M
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