The Weekly Law Reports
[1974] 3 WLR 813
[CHANCERY DIVISION]
In re
WHITFIELD'S ESTATE
INLAND REVENUE COMMISSIONERS v. WHITFIELD AND ANOTHER
[1973 W. No. 236]
1974 July 5,
8;
18
Walton J.
Revenue
— Estate duty
— Gift inter vivos
— Donor borrowing money to purchase policies of assurance on her life for benefit of donees
— Money under policies to be used by donees for payment of duty on gifts after donor's death
— Whether debt incurred wholly for donor's benefit and deductible from estate
—
Finance Act 1894 (57 & 58 Vict. c. 30), s. 7 (1) (a)