Oscar Faber v Commissioners of Inland Revenue
Revenue – Stamp – Sale of Annuity – Allotment of Shares – Valuation of Shares – Stamp
Act 1891 (c 39), ss 14(4), 60.
By a deed of covenant executed in Canada the appellant, in consideration of the allotment to
him of certain shares in a Canadian company, agreed to pay to the company for such period
as he should continue to carry on his profession an annual sum “equal to nine-tenths of the
total income derived from” his profession which was carried on in England.
