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Wednesday, 24 October 1973
Page: 2661


Dr Klugman asked the Treasurer, upon notice:

(1)   How many deceased estates attracted Commonwealth death duty during each of the last 3 years for which figures are available. <2) How many persons died in Australia during each of those years.


Mr Crean - The answer to the honourable member's question is as follows:

The number of assessments of estates liable for Estate Duty that were issued during the financial years 1969-70 to 1972-73 and the number of deaths registered in Australia in the years 1969-70 to 1971-72 are set out below:

It should be noted, however, that the above numbers of estate duty assessments include those in respect of persons who died in years prior to the year in which the relevant assessments were issued. The following table shows the number of estate duty assessments that were issued up to 30 June 1973 in respect of estates of persons who died in the years ended 30 June 1969 to 30 June 1973:

It ls also mentioned that the above figures relate to original assessments only. They do not take account of amendments which can result in dutiable estates becoming non-dutiable. The number of estate .duty assessments amended in the financial year 1972-73 was over 7,000 of which more than 60 per cent resulted in a reduction of duty assessed. However, it is not known to what extent, if any, these amendments may have reduced the number of estates that were liable for duty.







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