ESTATE DUTY.
No. 16 of 1915. 2331
44 & 45 Vict.
(d) property to which the deceased has been absolutely entitled, and which he has caused to be transferred to or vested in himself and any other person jointly, whether by disposition or otherwise (including also any purchase or investment effected by the deceased either by himself alone, or in concert, or by arrangement with any other person), so that the beneficial interest therein or in some part thereof passes or accrues by survivorship on his death to such other person;
52 & 53 Vict.
(e) property passing under any past or future settlement made by the deceased by deed or any other instrument not taking effect as a will, whereby an interest in such property, or the proceeds of sale thereof, for life or any other period determinable by reference to death is reserved, either expressly or by implication, to the settlor, or whereby the settlor may have reserved to himself the right by the exercise of any power to restore to himself, or to reclaim the absolute interest in such property or the proceeds of sale thereof; and
(f) any annuity or other interest purchased or provided by the deceased either by himself alone or in concert or by arrangement with any other person, to the extent of the beneficial interest accruing or arising by survivorship or otherwise on the death of the deceased.
C.
(2) Property passing on the death of the deceased shall not be deemed to include property held by the deceased as trustee for another person, under a disposition not made by the deceased or under a disposition made by the deceased more than three years before his death where possession and enjoyment of the property was bona fide assumed by the beneficiary immediately upon the creation of the trust and thenceforward retained to the entire exclusion of the deceased or of any benefit to him by contract or otherwise: Provided that where property taken under such a disposition as aforesaid is deemed to be property passing on the death of the deceased by reason only that the property was not, as from the date of the disposition, retained to the entire exclusion of the deceased or a person who had an estate or interest limited to cease on the death of the deceased, and of any benefit to him by contract or otherwise, the property shall not be deemed to pass on the death of the deceased if subsequently, by means of the surrender of the benefit reserved or otherwise, it is enjoyed to the entire exclusion of the deceased or such other person as aforesaid and of any
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ESTATE DUTY.
No. 16 of 1915. 2331
44 & 45 Vict.
(d) property to which the deceased has been absolutely (s. 5 contd.] entitled, and which he has caused to be transferred to or c. 12, s. 38 (2); vested in himself and any other person jointly, whether by 52 & 53 Vict. disposition or otherwise (including also any purchase or c. 7, s. 11 ; investment effected by the deceased either by himself alone, 57 & 58 Vict, or in concert, or by arrangement with any other person), so c. 30, s. 2 (1). that the beneficial interest therein or in some part thereof passes or accrues by survivorship on his death to such other
person;
52 & 53 Vict.
(e) property passing under any past or future settlement 44 & 45 Viet. made by the deceased by deed or any other instrument not c. 12, s. 38 (2); taking effect as a will, whereby an interest in such property, 7, 11; or the proceeds of sale thereof, for life or any other period 57 & 58 Vict. determinable by reference to death is reserved, either c. 30, s. 2 (1). expressly or by implication, to the settlor, or whereby the settlor may have reserved to himself the right by the exercise of any power to restore to himself, or to reclaim the absolute interest in such property or the proceeds of sale thereof; and
(f) any annuity or other interest purchased or provided 57 & 58 Vict. by the deceased either by himself alone or in concert or by c. 30, s. 2 (1). arrangement with any other person, to the extent of the beneficial interest accruing or arising by survivorship or otherwise on the death of the deceased.
C.
(2) Property passing on the death of the deceased shall Trust not be deemed to include property held by the deceased as property. trustee for another person, under a disposition not made by 57 & 58 Vict. the deceased or under a disposition made by the deceased 10 Edw. 7, more than three years before his death where possession and c. 8, s. 59. enjoyment of the property was bona fide assumed by the beneficiary immediately upon the creation of the trust and thenceforward retained to the entire exclusion of the deceased or of any benefit to him by contract or otherwise: Provided that where property taken under such a disposition as aforesaid is deemed to be property passing on the death of the deceased by reason only that the property was not, as from the date of the disposition, retained to the entire exclusion of the deceased or a person who had an estate or interest limited to cease on the death of the deceased, and· of any benefit to him by contract or otherwise, the property shall not be deemed to pass on the death of the deceased if subsequently, by means of the surrender of the benefit reserved or otherwise, it is enjoyed to the entire exclusion of the deceased or such other person as aforesaid and of any
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