The Weekly Law Reports
[1958] 3 WLR 381
[COURT OF APPEAL.]
FRY
v.
INLAND REVENUE COMMISSIONERS.
[1957 F. 1229.]
1958 July 2,
3,
17.
Lord Evershed M.R., Romer and Ormerod L.JJ.
Revenue
— Estate duty
— Interest in expectancy
— Deferred payment of duty
— Purchase by life tenant of interest in expectancy
— Falling into possession
— Whether estate duty payable on the purchase price or at the death of life tenant or not at all
—
Finance Act, 1894 (57 & 58 Vict. c. 30), s. 7 (6).
Statute
— Construction
— Argument ab inconvenienti
— Relevance of results of alternative possible constructions
— Equitable construction preferred
— Estate duty statute.