Hawken v Commissioner of Inland Revenue - [1965] NZLR 979

Revenue — Estate and other duties — Gift duty — Mortgage executed and registered without consideration — Subsequently interest and principal paid — Whether mortgage a completed gift on registration — Whether gift not complete until interest and principal paid — Estate and Gift Duties Act 1955, ss. 41, 42, 43.

Property law — Land transfer — Mortgage — Whether registered mortgage affects legal or equitable title to security.