https://www.taxtmi.com/caselaws?id=36366 A bare expectancy of succeeding to a baronetcy and the associated trust income was held to be spes successionis, not a present enforceable right. The court noted that the right to enjoy the income was not independently created in favour of the assessee but arose only as an incident of succession, and until the title holder died and the required names were adopted, no present estate or interest existed in the trust property. Such an expectancy was not a contingent interest and could not be treated as transferable property. en-us Fri, 28 Mar 1980 00:00:00 +0530 Mon, 22 Mar 2010 10:20:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36366 A bare expectancy of succeeding to a baronetcy and the associated trust income was held to be spes successionis, not a present enforceable right. The court noted that the right to enjoy the income was not independently created in favour of the assessee but arose only as an incident of succession, and until the title holder died and the required names were adopted, no present estate or interest existed in the trust property. Such an expectancy was not a contingent interest and could not be treated as transferable property. Case-Laws Wealth-tax Fri, 28 Mar 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36366