Craven v Commissioner of Stamp Duties - [1948] NZLR 550

Public Revenue — Death Duties (Estate Duty) — Policy on Life of Deceased — Premiums thereon paid by Deceased's Father to whom Policy Mortgaged — No Substantial Equity — Father paying Premiums until Policy fully paid up, with Right to Deduct Same from Policy Moneys — Policy, subject to Mortgage, settled by Son — Not an "interest purchased or provided by the deceased" within s 5 (1) (g) of the Death Duties Act, 1921, but "property comprised in any settlement" within s 5 (1) (j) (ii) — Death Duties Act, 1921, s 5 (1) (f), (g), (j) (i) (ii).