The Law Reports (Appeal Cases)
[1937] AC 174
[HOUSE OF LORDS.]
SIR SAMUEL EDWARD SCOTT, BARONET, AND COUTTS AND COMPANY APPELLANTS; AND THE COMMISSIONERS OF INLAND REVENUE RESPONDENTS.
1936 Nov. 27.
LORD ATKIN, LORD THANKERTON, LORD RUSSELL OF KILLOWEN, LORD MACMILLAN, and LORD ROCHE.
Revenue
— Estate duty
— Settlement
— Tenant for life in possession
— Purchase of contingent reversionary life estate
— Settlement on discretionary trusts
— Falling into possession of reversionary life estate
— Death of tenant for life in possession
— Passing of property to beneficiary under discretionary trust
—
Finance Act, 1894 (57 & 58 Vict. c. 30), s. 1.