In re Brough (Deceased) Couper v Brough - [1952] NZLR 248

Public Revenue — Death Duties (Estate Duty and Succession Duty) — Life Interest of Testator's Wife in Farm Lands with Remainder to Nephew — Residue of Estate to Wife — No Direction as to Payment of Death Duties — Incidence of Estate Duty and Succession Duty and Interest thereon between Such Beneficiaries inter se — Charge in Favour of Widow on Farm Lands to secure Payment of All Duties by Her — Death Duties Act, 1921, s 31.

Trusts and Trustees — Farm Property — Widow's Life Interest therein — Testamentary Trustees with Powers of Management — Probate Values of Stock adopted — Adjustment in respect of Ewes and Cows with Young at Foot at Testator's Death — Increased Value of Lambs and Bullocks on Sale to go to Capital — Depreciation on Farm Plant and Machinery chargeable against Life Tenant — Rate of Depreciation at Trustees' Discretion.