24 Jan 1975
LAP SHUN TEXTILES INDUSTRIAL CO LTD v. THE COLLECTOR OF STAMP REVENUE
- Citation
- LAP SHUN TEXTILES INDUSTRIAL CO LTD v. THE COLLECTOR OF STAMP REVENUE
- Court
- Court of First Instance
- Case number
- HCSA1/1974
The court held that s.27(4) must be read as written: where the Collector, in his opinion, forms that the sum paid is inadequate or other circumstances show a substantial benefit to the transferee, the conveyance may be deemed to operate as a voluntary disposition inter vivos and be chargeable under Head 53(2); accordingly the Collector was entitled to take the course he did and the appeal was dismissed.