Shaw Savill and Albion Company Limited v Commissioner of Inland Revenue - [1956] NZLR 211

Public Revenue — Stamp Duties — Company, Owner of Land, in Voluntary Liquidation — After Discharge of Company's Liabilities, Liquidator called upon by Members to distribute Company's Property in Specie among Them, in Terms of Memorandum of Association — Transfer of Company's Land, by Direction of Liquidator, to Members — Transfer not a "conveyance on sale" but Conveyance by Trustee of Property to which Members, as Beneficiaries, were entitled — Transfer Exempt from Ad Valorem Stamp Duty — Stamp Duties Act 1923, s 81 (d) — Companies Act 1933, s 243.