Kildrummy (Jersey) Ltd v Inland Revenue Commissioners.  BTC 8094
Court of Session (Inner House).
Lord President Hope, Lord Sutherland and Lord Clyde.
Judgment delivered 30 August 1990.
Stamp duty – Voluntary disposition of estate by owners to Jersey company – Purported grant of lease by estate owners to nominee for themselves before disposition – Purported lease assigned by nominee to owners after disposition – Whether lease a nullity – Whether stamp duty chargeable on value of property subject to lease or, if lease ineffective, on higher value of property free of lease – Finance (1909-10) Act 1910, sec. 74(1) (Repealed by Finance Act 1985, sec. 82(1)).