Gift Duty - Assessment - Estate and Gift Duties Act
Recent Law, pp. 14-15, Febuary 1978
2 Pages Posted: 1 Feb 2010 Last revised: 1 May 2015
Date Written: Febuary 1, 2010
A case note on Baigent v. CIR (1978) 3 NZTC 61,300. Section 63 of the Estate and Gift Duties Act 1968 provides that “a dutiable gift shall include and consist of all the property, comprised in any gift”. Where the donee pays gift duty on behalf of the donor the duty forms part of the value of the gift.
Keywords: Estate and Gift Duties Act 1968, Gift Duty
JEL Classification: K14
Suggested Citation: Suggested Citation