The Finance (1909-10) Act 1910, section 58, enacts-‘(1) Any legacy or succession duty which under the . . Succession Duty Act 1853 or any other Act . . is payable at the rate of 5 per cent. or 6 per cent. shall be payable at the rate of 10 per cent. on the amount or … Continue reading Inland Revenue v Macalister: HL 10 Apr 1924
The Succession Duty Act 1853, section 2, enacts-‘Every past or future disposition of property by reason whereof any person has or shall become beneficially entitled to any property or the income thereof upon the death of any person dying after the time appointed for the commencement of this Act, either immediately or after an interval, … Continue reading Inland Revenue v Hamilton: HL 21 Jul 1919
The court was asked whether on the death of the settlor and the termination of his life interest, the foreign shares held on trust were taxable as on a succession. Citations: [1901] 1 QB 123 Statutes: Succession Duty Act 1853 2 Jurisdiction: England and Wales Cited by: Cited – Akers and Others v Samba Financial … Continue reading Attorney General v Jewish Colonization Association: 1901
The Court was asked whether foreign shares held on trust were taxable as on a succession on the death of the beneficiary of the trust. Held: The proper law of a marriage settlement ‘can only be the law by reference to which the settlement as made and which was intended by the parties to govern … Continue reading Duke of Marlborough v Attorney General: 1945
The Succession Duty Act 1851, sec. 15, enacts-‘Where the title to any succession shall be accelerated by the surrender or extinction of any prior interests, then the duty thereon shall be payable at the same time and in the same manner as such duty would have been payable if no such acceleration had taken place.’ … Continue reading Inland Revenue v Earl of Buchan: HL 3 Dec 1908
