McLeay v Commissioner of Inland Revenue - [1963] NZLR 711

Property law — Assignment — Assignment of interest payable under a mortgage for a period — Whether assignment of present or future chose in action — Whether assignment effective — Property Law Act 1952, s. 130

Revenue — Income tax — Assignment of mortgage interest for five years to trustees for charitable purposes — Trustees directed to take and hold possession of mortgage for same period — Whether income so assigned taxable in hands of mortgagee during period of trust — Land and Income Tax Act 1954, s. 105.