F W Schultz v Commissioner of Stamp Duties - [1934] NZLR 392

Revenue — Stamp Duty — Will — Testator devising Property to Son — Condition that Same be transferred to Son subject to Existing First Mortgage on Devisee's giving Trustees Second Mortgage for Difference between First Mortgage and £15 per Acre — Whether Transfer liable to Assessment of Stamp Duty as Conveyance on Sale — Statutory Exemption — "Extent to which" Devisee "is so entitled" under the Will — Stamp Duties Act, 1923, s 81 (d).