Duty Assessed and Collections for the year ended 31 March 2002

Estate Duty	Assessments issued before 1 April 2001 (Dollars thousand)	Original Assessments issued in 2001-02 (Dollars thousand)	Additional Assessments issued in 2001-02 (Dollars thousand)	Total (Dollars thousand)
Outstanding charges brought forward from 2000-01	283,562	-	-	283,562
Less： Amount discharged	7,485	-	-	7,485
Net outstanding charges brought forward from 2000-01	276,077	-	-	276,077
Net duty assessed	-	1,248,441	1,781	1,250,222
Penalties charged	-	13,320	35	13,355
Interest charged	5,841	143,008	400	149,249
Total amount payable	281,918	1,404,769	2,216	1,688,903
Less：Amount paid on account before 1 April 2001	-	1,186,890	837	1,187,727
Net duty, penalties and interest payable in 2001-02	281,918	217,879	1,379	501,176
Less：Outstanding charges carried forward to2002-03	138,159	110,972	807	249,938
Net duty, penalties and interest paid in 2001-02	143,759	106,907	572	251,238
Add：Duty and interest paid on account in respect of assessments to be issued in subsequent years	-	1,676,606	-	1,676,606
Total collections in 2001-02	143,759	1,783,513	572	1,927,844

Original Assessments issued in 2001-02

Original Assessments issued in 2001-02	Estates valued under $2m (Dollars thousand)	Estates valued $2m to $4m (Dollars thousand)	Estates valued $4m to $10m (Dollars thousand)	Estates valued $10m to $20m (Dollars thousand)	Estates valued over $20m (Dollars thousand)	Total original assessments (Dollars thousand)
Net duty assessed	70	182	42,221	188,574	1,017,394	1,248,441
Penalties charged	27	69	1,749	2,366	9,109	13,320
Interest charged	142	173	11,824	21,506	109,363	143,008
Total amount payable	239	424	55,794	212,446	1,135,866	1,404,769
Less：Amount paid on account before 1 April 2001	55	301	31,775	164,641	990,118	1,186,890
Net duty, penalties and interest payable in 2001-02	184	123	24,019	47,805	145,748	217,879
Less：Outstanding charges carried forward to 2002-2003	-	46	8,488	17,871	84,567	110,972
Net duty, penalties and interest paid in 2001-02	184	77	15,531	29,934	61,181	106,907
Add：Duty and interest paid on account in respect of assessments to be issued in subsequent years	2478	-	693	19,798	1,653,637	1,676,606
Collections of original assessments issued in 2001-02	2,662	77	16,224	49,732	1,714,818	1,783,513

Contents | Schedules | Schedule 1 | Schedule 2 | Schedule 3 | Schedule 4 | Schedule 5 | Schedule 6 | Schedule 7 | Schedule 8 | Schedule 9 | Schedule 10 | Schedule 11 | Schedule 12 | Schedule 13 | Schedule 14 | Schedule 15 | Schedule 16 | Schedule 17|

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