Legislative Dictionary - I
Judicial Dictionary
Legislative Dictionary
Interest in Expectancy
| Category | I |
|---|---|
| Title | Interest in Expectancy |
| Details | "interest in expediency" includes an estate in remainder or reversion and every other future interest whether vested or contingent, but does not include reversions expectant upon the determination of leases. [See, section 2 (11), the Estate Duty Act, 1950 (Act No. X of 1950)][Now stands repealed by the Finance Act, 1982]. |
| Created On | September 18, 2011, 6:38 AM |
| Hits | 251 |