Thompson v Commissioner of Stamp Duties - [1926] NZLR 872

Revenue — Stamp Duty — Testator's Estate left to Trustees upon Trust, with Power of Sale and Conversion — Pecuniary Legacies charged thereon — Residue held in Trust for Two Sons in Equal Shares — Agreement by One Son to purchase other Son's Share — Election by Son to take Transfer of Land and other Assets in specie, subject to Debts and Legacies — Conveyance thereof by Trustees — Stamp Duty payable thereon — Exemption as to Lands to which Son entitled under Will — Stamp Duties Act, 1923, s 81 (d).