https://www.taxtmi.com/caselaws?id=23278 The 1/6th share in a trust fund was held not to form part of the deceased's estate for estate duty purposes because the transfer was expressly contingent on the consent of the deceased's mother and His Highness. Until that consent was obtained, section 9(2) kept the official trustee holding the share on trust, so the interest had not vested in the deceased during his lifetime. As no vesting occurred before death, the property in that share could not be treated as having passed on death, and it was excluded from the principal value of the estate. en-us Tue, 17 Jul 1990 00:00:00 +0530 Fri, 18 Dec 2009 10:46:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23278 The 1/6th share in a trust fund was held not to form part of the deceased's estate for estate duty purposes because the transfer was expressly contingent on the consent of the deceased's mother and His Highness. Until that consent was obtained, section 9(2) kept the official trustee holding the share on trust, so the interest had not vested in the deceased during his lifetime. As no vesting occurred before death, the property in that share could not be treated as having passed on death, and it was excluded from the principal value of the estate. Case-Laws Income Tax Tue, 17 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23278