KWOK CHI LEUNG KARL (an Executor  named in the will of the above- named deceased) v THE COMMISSIONER OF ESTATE DUTY

Read the full judgment text of HCMP 002745/1985 on BabelCite. This High Court CFI judgment.

1. In this Matter, the Plaintiff seeks a declaration that the situs of a non-negotiable promissory note executed by Tolu Limited ("Tolu"), a Liberian registered Company, in favour of the deceased is without the Colony: In Liberia to be exact. If that be so, then, by reason of section 10(b) of the Estate Duty Ordinance, the value of the Note will not be included in that of the estate of Lamson Kwok Lam Shan ("the deceased") for Estate Duty purposes.