Hammond v Commissioner of Inland Revenue - [1956] NZLR 690

Death Duties — Estate Duty — Allowance for Debts — Son erecting Building on Father's Land on Promise by Father to transfer Same to Him — Such Land and Additional Land transferred — Transfer for Full Government Valuation of Land transferred (including Value of Building) with Mortgage back for Same Amount — Oral Agreement that Son had Right to Reimbursement by Father of Value of Building — Extrinsic Evidence admissible, notwithstanding Form of Documents, to prove Collateral Oral Agreement that Son should receive Credit for Value of Building — Such Agreement proved — Value of Building deductible as Debt owing to Son by Father's Estate — Estate and Gift Duties Act 1955, s 9 (1).