The Weekly Law Reports
[1964] 1 WLR 1332
[COURT OF APPEAL.]
WM. CORY & SON LTD.
v.
INLAND REVENUE COMMISSIONERS.
1964 June 25.
Lord Denning M.R., Danckwerts and Diplock L.JJ.
Revenue
— Stamp duty
— Conveyance or transfer on sole
— Option to purchase share capital
— Transfers pursuant to option agreement to protect purchasers' rights
— No transfer of beneficial interest
— Subsequent exercise of option
— Whether transfers “conveyance or transfer on sale”
— “Upon the sale”
— Agreement for option to purchase
— Whether agreement for sale of equitable interest
—
Stamp Act, 1891 (54 & 55 Vict. c. 39), ss. 1, 54, 59 (1).