28 Feb 2008
BEGG & ORS V THE COMMISSIONER OF INLAND REVENUE HC WN CIV-2007-485-2129
- Citation
- openlaw-faa76a0f_0cea_4804_a625_8ede153197b5.pdf
- Court
- High Court
The court held the deeds did not create dutiable gifts under the 1968 Act because the creation of a trust is a subset of the statutory "disposition of property" and must attach to the same subject matter as the gift; these deeds settled existing real property only as the source for a future cash payment and therefore related to future property and incomplete obligations rather than present dispositions of the gifted cash, so the Commissioner's decisions were upheld.