The Weekly Law Reports
[1964] 1 WLR 529
[CHANCERY DIVISION.]
WM. CORY & SON LTD.
v.
INLAND REVENUE COMMISSIONERS.
1963 Dec. 3,
4,
5.
Pennycuick J.
Revenue
— Stamp duty
— Conveyance or transfer on sale
— 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 (55 & 56 Vict. c. 39), ss. 54, 59 (1), Sch. 1.