Loughnan v Commissioner of Stamp Duties - [1947] NZLR 519

Public Revenue — Death Duties — Succession Duty — Covenant by Father in Daughter's Marriage Settlement to leave her by Will certain Share of His Estate — Daughter in such Deed of Settlement Assigning to Trustees such Share to be held by them under Specified Trusts in which she took Life Interest only — Subject to Exercise of Power of Appointment, Trust Assets held for Children of Intended Marriage — Whether Succession should be assessed on Daughter's Share under Father's Will or on her Life Interest under Marriage Settlement, with Separate Assessment as to Remainder, Subject to Re-assessment on Happening of Contingency — Death Duties Act, 1924, s 16 (1) (a) (d), (2) — Finance Act, 1940, s 27.