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Coll 15/4 'Internal Affairs: financial situation' [‎16v] (32/246)

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The record is made up of 1 file (121 folios). It was created in 6 Oct 1937-18 Oct 1944. It was written in English and French. The original is part of the British Library: India Office The department of the British Government to which the Government of India reported between 1858 and 1947. The successor to the Court of Directors. Records and Private Papers Documents collected in a private capacity. .

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71
6 0
29. Offspring, ascendants of the first degree, and their partners (husband
or wife) of a deceased person pay inheritance tax on their individual shares at
the following rates (article 1) : —
Per cent.
From £E. 101 to £E. 2,000 3i
From £E. 2,001 to £E. 5.000 5
From £E. 5,001 to £E. 20,000 *
From £E. 20,001 to £E. 50,000 10
Above £E. 50.000 ... ... ... ... ... ... 12^
Small estates not exceeding £E. 100 in value pay no tax; in the case of larger
estates the first £17. 100 is free of tax.
30. The above rates are (i) doubled in the case of (a) ascendants beyond the
first degree and (b) brothers and sisters; (ii) tripled in the case of (a) nephews and
(b) other collaterals to the fourth degree inclusive; (iii) quadrupled in the case of
all other heirs (article 1). The inheritance tax is halved in respect of all property
which the de cujus has himself or herself acquired by inheritance within the three
years immediately preceding his or her death (article 17).
31. The tax is applicable (article 2) to— ■
(1) All property or rights of inheritance in Egypt or abroad left by a person
of Egyptian nationality wheresoever resident.
(2) All property or rights of inheritance in Egypt or abroad left by a person
of non-Egyptian nationality having, or having had, one year before
his or her death, either de jure or de facto, an Egyptian domicile
( i£ domicile de droit on de fait ”).
(3) All property or rights of inheritance in Egypt left by anyone of non-
Egyptian nationality having no residence," nor residing in, Egypt, or
who, having had such residence, had ceased to have it for more than
a year before his or her decease.
32. Valuation of estates (article 36) is to be effected on the following lines :—
(a) Agricultural lands : sixty times the annual tax.
(b) Built property paying the built property tax: fifteen times the rental
value having served to fix the tax.
(c) Egyptian and foreign securities quoted on an Egyptian Bourse; the
average price quoted on the Bourse on the date of decease, or, in the
absence of a quotation on that day, the average price on the last day
of quotation.
(d) Life interest and bare ownership are to be valued respectively as
follows :—
(i) if the beneficiary is 20 years of age or less, the life interest is
estimated at seven-tenths, and the bare ownership at three-tenths,
of the total property;
(ii) if the beneficiary is over 20, the value of the life interest is
diminished by one-tenth of the value of the whole property, and the
value of the bare ownership is increased by the same amount, in
respect of each period of ten years. If the beneficiary is over 70, the
proportion is fixed at one-tenth for the life interest and nine-tenths
for the bare ownership.
(e) £C Wakf " interests are to be calculated on the same basis as life interests.
(“ Wakf ” = “ pious endowment.”)
(/) In regard to a ground rent and to lands encumbered by a ground rent, the
respective values are to be estimated at one-third of the value of the
whole property to the owner of the land thus encumbered and at
two-thirds to the ground rent.
33. A taxpayer dissatisfied (article 38) with the amount of the tax assessed
against him oi* her by the ad hoc commission of the revenue authorities (article 37)
has a right of appeal within a period of three months to the courts of first instance.
Where the amount of tax assessed by the court is lower than the amount claimed
by the commission, the Treasury shall return the difference to the taxpayer. No
mention is made of the judicial costs involved, which one might expect to see

About this item

Content

The file comprises telegrams, despatches, correspondence, memoranda, and a booklet relating to the financial situation of the Egyptian Government and the process of fiscal reform.

Included in the file is:

  • a copy (ff 20-90) of the booklet 'Projet de reforme du regime fiscal' published by the Egyptian Government, Ministry of Finance, Fiscal Commission
  • a letter (ff 104-110) from the Financial Secretary of the Sudan Government on the impact of a reduction in subsidy by the Egyptian Government

The file features the following principal correspondents: HM Ambassador to Egypt and the Sudan (Sir Miles Wedderburn Lampson); the Under-Secretary of State for Dominion Affairs; the Secretary of State for Foreign Affairs (Viscount Halifax); and the Financial Secretary, Sudan Government.

The file includes a divider which gives a list of correspondence references contained in the file by year. This is placed at the back of the correspondence.

Extent and format
1 file (121 folios)
Arrangement

The papers are arranged in rough chronological order from the rear to the front of the file.

Physical characteristics

Foliation: the foliation sequence for this description commences at the front cover with 1, and terminates at the inside back cover with 123; these numbers are written in pencil, are circled, and are located in the top right corner of the recto The front of a sheet of paper or leaf, often abbreviated to 'r'. side of each folio. Pagination: the volume also contains an original printed pagination sequence between ff 20-97.

Written in
English and French in Latin script
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Coll 15/4 'Internal Affairs: financial situation' [‎16v] (32/246), British Library: India Office Records and Private Papers, IOR/L/PS/12/2767, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100054085450.0x000023> [accessed 24 April 2024]

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