https://www.taxtmi.com/caselaws?id=168762 An express exclusion in section 2(1)(b) of the Finance Act, 1894, remains operative according to its terms even where the same property may also fall within the general charging provision in section 1. The text explains that the deeming and exclusion scheme is not mutually exclusive, so the office-holder exclusion can still apply if the deceased had only an interest as holder of office. It also states that a trustee's remuneration attached to executorship and trusteeship is an interest held in that office, not merely as an individual beneficiary, with the result that the corresponding estate duty claim failed. en-us Mon, 14 Dec 1959 00:00:00 +0530 Wed, 25 Mar 2015 16:30:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168762 An express exclusion in section 2(1)(b) of the Finance Act, 1894, remains operative according to its terms even where the same property may also fall within the general charging provision in section 1. The text explains that the deeming and exclusion scheme is not mutually exclusive, so the office-holder exclusion can still apply if the deceased had only an interest as holder of office. It also states that a trustee's remuneration attached to executorship and trusteeship is an interest held in that office, not merely as an individual beneficiary, with the result that the corresponding estate duty claim failed. Case-Laws Income Tax Mon, 14 Dec 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168762