Hearings
England & Wales
12 Mar 1958 [1958] 2 WLR 673, Ch D
17 Jul 1958 [1959] Ch 86; [1958] 3 WLR 381, CA
Fry v Inland Revenue Commissioners
Subject Matter
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.