Two Important Law Cases.
(Per Press Association.) Wbllinotom, Norember 18. The Appeal Court gave judgment to day on the petition of the Commissione: of Taxes in re Jno. Chambers, deceased The Court was of opinion the transac tion involved ought not to be treated a: a mere scheme to evade payment of dv ties under the Deceased Persons Estatei Duties Act, 1881, but they held unani mously deeds of conveyance and coven ant were liable to duty as deeds of gif under the Act of 1885. Costs were al lowed to the Commissioner on the high est scale. Melbophnk, NoTtmbrr 13. An important decision has bee n giver by the court. The question was whethei calls on shares in estates of deceased persons that might become due should be regarded as debts and be exempt from probate duty. The Court held thai shares and deposit receipts should b« taken at market value and not on the face values, and calls payable should be treated as debts. Judgment was therefore entered up in favour of the executor.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/FS18941114.2.24
Bibliographic details
Feilding Star, Volume XVI, Issue 118, 14 November 1894, Page 3
Word Count
176Two Important Law Cases. Feilding Star, Volume XVI, Issue 118, 14 November 1894, Page 3
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in