The Law Reports (Chancery Division)
[1954] Ch 364
[CHANCERY DIVISION]
IVEAGH v. INLAND REVENUE COMMISSIONERS.
[1953 I. 7382.]
1954 Feb. 3,
4,
5,
8,
9.
Upjohn J.
Revenue
— Estate duty
— Surrender of life interest
— Personalty
— Investments subsequently made
— “Property” deemed to pass on death
—
Finance Act, 1894 (57 & 58 Vict. c. 30), s. 22 (1) (f)
—
Finance Act, 1940 (3 & 4 Geo. 6, c. 29), s. 43.
Conflict of Laws
— Settlement
— Proper law
— Executed in England
— Parties domiciled in Ireland
— English solicitors
— Same system of law in both countries
— No express power to invest in land in Ireland. Trust and Trustee. Trust fund
— Conception as continuing entity
— “Property taken.”