DISPUTE OVER STAMP DUTY
A dispute in which counsel for both sides based their submissions on the same clause in a Finance Act was argued before the Chief Justice (Sir Michael Myers) in the Supreme Court today. The case concerned the payment of estate duty on a charitable trust of £2500 left to the New Plymouth High School by the late Rebecca Tabor to establish a scholarship fund in memory of her son. It was stated that it was common ground that the gift was hdld as a charitable trust which was not liable for gift duty and was also exempt from succession duty. Appellants objected to the inclusion, by the Commissioner of Stamp Duties, of the -amount in the dutiable estate, but the Commissioner disallowed the objection. The clause in the Finance Act was section 11 of the Finance Act 1923, on which each side put its own interpretation.
Mr. C. H. Weston, K.C., and Mr. E. P. Hay appeared for the appellants] the trustees, Mr. J. Burn for the Commissioner, and Mr. J. C. Nicholson for the New Plymouth High School Board. • (Proceeding.)
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Evening Post, Volume CXXXVIII, Issue 134, 4 December 1944, Page 6
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185DISPUTE OVER STAMP DUTY Evening Post, Volume CXXXVIII, Issue 134, 4 December 1944, Page 6
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