OVER £1,000,000 IN ESTATE DUTY
LONDON. Duty of £1,014,187 has been paid on the £1,451.797 estate of Mr. Henry Oxley, retired banker, of Spenfleld, Westwood, Leeds, who died at his Scottish home, Penninghame, Newton Stewart on October 28. at the age of 79. Twenty years ago, when his father, Mr. James Walker Oxley, also a banker, died, aged 94, duty of £1.107.(100 was oaid on his estate of £2,768.868. The two payments total over £2.000,000, and have reduced the Oxley fortune to £437,610.
In 1928 the duty payable on estates exceeding £2,000,000 was 40 ner cent, today it is 75 per cent, with 70* ner cent payable on estates of between £1.000,000 and £2.000.000. Thus duty on the son’s estate of about £1.500.000 nearly equals that payable on the father’s of well over £2.500.000.
Mr. Oxley was a bachelor. “By the wish of my late father." he has left to Leeds City Art. Gallery the pictures, ivories, crystals, silver and other works of art collected bv his father and £2OOO for housing the collection. Other bequests include £25.000 on trust for his niece. Miss Betty Hellalicu, wife of the Socialist M.P. for Brigg.
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Bibliographic details
Gisborne Herald, Volume LXXVI, Issue 22888, 7 March 1949, Page 6
Word Count
193OVER £1,000,000 IN ESTATE DUTY Gisborne Herald, Volume LXXVI, Issue 22888, 7 March 1949, Page 6
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