Commentary

I3.218 Corporations sole and the death estate

IHT, trusts and estates

I3.218 Corporations sole and the death estate

I3.218 Corporations sole and the death estate

A person who is entitled to property as a corporation sole is for the purposes of IHT, with one exception (for which see below), treated by IHTA 1984, s 271 as not being beneficially entitled to the property. It does not form part of his estate and no IHT is payable in respect of the property when he ceases to hold the office which gives him the status of corporation sole, or on his death.

A corporation sole is a body politic having perpetual succession constituted in a single person who, in right of

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