https://www.taxtmi.com/caselaws?id=168761 Policies of assurance settled by a deceased person were capable of constituting an "other interest" under section 2(1)(d) of the Finance Act 1894, and the proceeds represented property provided by the settlor. Estate duty was nevertheless not chargeable because the relevant beneficiaries already held vested beneficial interests under the settlements from the date of settlement. The settlor's death and the maturity of the policies merely brought those existing rights into enjoyment; they did not create any new or additional beneficial interest accruing on death. en-us Thu, 04 Jul 1957 00:00:00 +0530 Wed, 25 Mar 2015 16:15:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168761 Policies of assurance settled by a deceased person were capable of constituting an "other interest" under section 2(1)(d) of the Finance Act 1894, and the proceeds represented property provided by the settlor. Estate duty was nevertheless not chargeable because the relevant beneficiaries already held vested beneficial interests under the settlements from the date of settlement. The settlor's death and the maturity of the policies merely brought those existing rights into enjoyment; they did not create any new or additional beneficial interest accruing on death. Case-Laws Income Tax Thu, 04 Jul 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168761