Commissioner of Stamp Duties v Loughnan - [1948] NZLR 626

Public Revenue — Death Duties (Succession Duty) — Covenant by Deceased in Daughter's Ante-nuptial Marriage Settlement to leave her by Will Aliquot Share of His Estate — Settlement by Daughter of Covenanted Share on Trusts — Daughter retaining Life Interest only — Power of Appointment reserved by Daughter over Remainder of Share — Assignment of Future Property — Gift by Father's Will to Daughter of Half Share in his Estate — Aliquot Share subject of Marriage Settlement, in Events which occurred, One-third of his Estate — Basis of Assessment of Succession Duty — Death Duties Act, 1921, ss 16 (a) (d), 21.