Search over 40,000 articles from the original, classic Encyclopedia Britannica, 11th Edition.
|
See also:LEGACY (See also:Lat. legatum) , in See also:English See also:law, some particular thing or things given or See also:left by a testator in his will, to be paid or performed by his executor or See also:administrator . The word is primarily applicable to gifts of personalty or gifts charged upon real See also:estate; but if there is nothing else to which it can passes was domiciled in the See also:United See also:Kingdom . The See also:rate of See also:duty varies from r to ro% according to the relationship between the testator and legatee . As between See also:husband and wife no duty is payable . The duty is payable by the executors and deducted from the See also:legacy unless the testator directs otherwise . See also:Special provisions as to valuation are in force where the See also:gift is of an See also:annuity or is settled on various persons in See also:succession, or the legacy is given in See also:joint tenancy and other cases . In sc me cases the duty is payable by instalments which carry See also:interest at 3% . In various cases legacies are exempt from duty—the more important are gifts to a member of the royal See also:family, specific legacies under £20 (pecuniary legacies under £20 pay duty), legacies of books, prints, &c., given to a See also:body corporate for preservation, not for See also:sale, and legacies given out of an estate the See also:principal value of which is less than £See also:ioo . Further, by the See also:Finance See also:Act 1894, See also:payment of the estate duty thereby created absorbs the 1% duty paid by lineal ancestors or descendants of the deceased' and the duty on a settled legacy, and, lastly, in the event of estate duty being paid on an estate the See also:total value of which is under £r000, no legacy duty is payable . The legacy duty payable in See also:Ireland is now for all See also:practical purposes assimilated to that in See also:Great See also:Britain . The principal See also:statute in that See also:country is an act of 1814 . LE GALLIENNE, See also:RICHARD (1866– ), English poet and critic, was See also:born in See also:Liverpool on the loth of See also:January 1866 .
He started See also:life in a business See also:office in Liverpool, but abandoned this to turn author
.
My See also:Lady's Sonnets appeared at Liverpool in 1887, and in 1889 he became for a See also:short See also:time See also:literary secretary to See also: |
|
|
[back] LEG (a word of Scandinavian origin, from the Old No... |
[next] HUGH SWINTON LEGARE (1797–1843) |
There are no comments yet for this article.
Do not copy, download, transfer, or otherwise replicate the site content in whole or in part.
Links to articles and home page are encouraged.