Succession of Fell

Citations

• 119 La. 1037
• 44 So. 879
• 1907 La. LEXIS 587

Syllabus

<p>Taxation — Inheritance Tax — Property Subject. p</p> <p>Where the contract between the agent of ■an insurance company and the company provides that, in case the agent dies while the agency still continues, his heirs shall be entitled to a ■commission of 5 per cent, on the net amount received by the company on the renewal of certain policies, held that, at the death of the •agent, his heirs inherit, not any part of the premiums, but merely a right to be paid by the insurance company a certain amount of money •to be computed on the premiums, and that, ac■cordingly, an inheritance tax is due on the right or claim thus inherited, although the premiums are assessed to the company and taxes are regularly paid on them and the computation •of the commission is made only after deduction of the taxes thus paid.</p> <p>(Syllabus by the Court.)</p>