will indicate the trend of opinion. The statutes will doubtless be clarified within the next few years. § 90. Examples. A mother conveyed certain property to her daughter, who gave back a bond and mortgage payable two years after her mother's death. These contained a provision, however, that they should be void if the daughter owned the property at the time of the mother's death. On the death of the mother it was held that the extinction of the charge constituted a transfer taxable under this section 13 A woman living in Indiana made a deed of her residence, reserving the life use of one room. The consideration for the transfer was $50 per month, payable during her life. At the time of her death $5,000 had been paid against a $6,500 conceded value of the premises. A tax was assessed on the $1,500 difference in value, and after some argument was paid. Property was left to be held for the life of a widow and the child who at her death should be youngest. It was held on the widow's death, one child having already died, that the increase accruing to the surviving children was taxable and retaxation should be had.14 The decision, however, was reversed, but on the ground that, under the authority of Re Maresi (74 N. Y. App. Div. 76), the Surrogate lacked authority to make an additional assessment.15 13 Matter of Scott, Prentice-Hall New York State Tax Service for 19211922, paragraph 4650. 14 Re Coykendall, 184 N. Y. Supp. 73, 113 N. Y. Misc. 133. 15 202 N. Y. Supp. 921, 208 N. Y. App. Div. 756, and without opinion, 144 N. E. 902. CHAPTER XI ANNUITY TABLES § 91. Actuaries' Combined Experience Table, 4 Per Cent. TABLE A Table, single life, 4 per cent, showing the present worth of an annuity, or a life interest, and of a reversionary interest |