Estate Tax - Law Dictionary Search Results

Gift Tax Act and Estate Duty Act

Matched in: Term Gift Tax Act and Estate Duty Act

estate taxes

Matched in: Term estate taxes

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real estate property tax deduction

Matched in: Term real estate property tax deduction

the owner of the property. It was not difficult to find him out, since the possession of his estate was conferred upon him by a formal and notorious ceremony, technically called livery of seisin, which was performed … be held. The Common Law treated the actual possessor for all purposes as the owner of the property. It was not difficult to find him out, since the possession of his estate was conferred upon him by

Remainder

[fr. remanentia, Lat.], that expectant portion, remnant, or residue of interest which, on the creation of a particular estate, is at the same time limited over to another, who is to enjoy it after the determination of … creation of a particular estate, is at the same time limited over to another, who is to enjoy it after the determination of such particular estate. After 1925 remainders can operate only as equitable interests, and in

Joint-tenancy

a single hand, and the joint-tenancy ceases. Anciently, joint-tenancy was favoured because it did not induce fractions of estates, and returning to early principles the (English) Land Legislation of 1925 has employed the tenure generally as the … by the accession of the part of him or them that die to the survivors or survivor, till it passes to a single hand, and the joint-tenancy ceases. Anciently, joint-tenancy was favoured because it did not induce

Tail

Property Act, 1925, had not been passed [s. 130 (4) (ibid.)] The limitation of an estate so that it can be inherited only by the fee owner's issue or class of issue, Black's Law dictionary 7th Edn., … Tail [fr. tailler, Fr., to prune]. An estate-tail was formerly a freehold of inheritance and is now an equitable interest which may be created after 1925

Power

no estate was devised, and a statutory power to sell estates, as in the instance of the Land Tax Redemption Acts, are both Common Law authorities. The estate passed by force of the will or passes by … used as a technical term and is distinct from the dominion which a man has over his own estate by virtue of ownership, Stroud's Judicial Dictionary. Power, is not synonymous with jurisdiction, K.E. v. Vithu, (1899) 1

Merger

Merger [fr. mergo, Lat., to sink], an annihilation, by act of law, of a particular in an expectant estate consequent upon their union in the same person without an intervening estate in another person--thus accelerating into possession … without an intervening estate in another person--thus accelerating into possession the expectant which swallows up the particular estate. It is the drowning of one estate in another, and differs from suspension, which is but a partial extinguishment

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