https://www.taxtmi.com/caselaws?id=39981 Estate duty under section 5(1) of the Estate Duty Act turns on the property that actually passes on death, read with the inclusive definitions in sections 2(15) and 2(16). The relevant inquiry is whether there is a change in beneficial interest, not merely a change in legal title. A trustee-beneficiary with a one-third beneficial interest in trust income held no proprietary value in the office of trustee, only duties. On death, only that one-third beneficial interest passed; the remaining trust estate did not form part of the property passing for estate duty. en-us Mon, 30 Apr 1973 00:00:00 +0530 Wed, 06 Aug 2014 13:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39981 Estate duty under section 5(1) of the Estate Duty Act turns on the property that actually passes on death, read with the inclusive definitions in sections 2(15) and 2(16). The relevant inquiry is whether there is a change in beneficial interest, not merely a change in legal title. A trustee-beneficiary with a one-third beneficial interest in trust income held no proprietary value in the office of trustee, only duties. On death, only that one-third beneficial interest passed; the remaining trust estate did not form part of the property passing for estate duty. Case-Laws Indian Laws Mon, 30 Apr 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39981