PENSION NOT TAXABLE
Court Ruling On Death Duty (N.Z. Press Association) WELLINGTON, July 24. A benefit payable to a widow under a staff superannuation scheme was not assessable for death duty purposes. Mr Justice Hutchison held in a judgment delivered in the Supreme Court at Wellington today. His Honour found in favour of the Pubhc Trustee, as executor of the will of the late David Lauder, oil company employee, who appealed by way of a case stated against an assessment by the Commissioner of Inland Revenue. Lauder at the time of his death was employed by the Shell Oil Company and was a contributor to the company's pension fund. His widow received a cash benefit of £3058. The commissioner included this sum in computing the final balance of the estate.
The appellant objected on the grounds that it was not assessable under the Estate and Gift Duties Act. His Honour held it was not correct to include the sum or any part of it in computing the final balance.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19630725.2.223
Bibliographic details
Press, Volume CII, Issue 30192, 25 July 1963, Page 19
Word Count
169PENSION NOT TAXABLE Press, Volume CII, Issue 30192, 25 July 1963, Page 19
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.