Hearings
England & Wales
09 Feb 1954 [1954] 2 WLR 494, Ch D
09 Feb 1954 [1954] Ch 364, Ch D
Iveagh v Inland Revenue Comrs
Subject Matter
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.”
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.”