77020_01 — Succession Duty Repeal Act

s. 7 — Transition

Where, but for their repeal or amendment under this Act, the repealed or amended provisions would have been applicable as a result of a person's death that occurred prior to their repeal or amendment, those provisions continue to apply as if they had not been repealed or amended. 1977-20-7.

s. 7.1 — Interest

1980-12-16.

s. 7.1(1)

Interest is payable on the duties and accrued interest payable under the Succession Duty Act by virtue of section 7 of this Act at an annual rate prescribed by the Lieutenant Governor in Council.

s. 7.1(2)

Where, by virtue of section 7 of this Act, interest would be payable and calculated under section 14A (3) of the Succession Duty Act, the rate of interest shall be the amount prescribed under subsection (1) and not that referred to in section 14A (3) of the Succession Duty Act.

s. 8 — Commencement (Retroactive)

This Act is retroactive to the extent necessary to give it effect on and after January 24, 1977. 1977-20-8.

77020_01 Succession Duty Repeal Act B.C.

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