Commentary

I4.128 Corporations sole

IHT, trusts and estates

I4.128 Corporations sole

I4.128 Corporations sole

A person who is entitled to property as a corporation sole is for the purposes of the IHT charge on death (and most other IHT purposes) treated as not being beneficially entitled to the property1.

A corporation sole is a body politic having perpetual succession constituted in a single person who, in right of some office or function, has a capacity to hold property with perpetual succession, such as a bishop. For further information on corporations sole see Halsbury's Laws, Corporations Vol 24 (2010) para 414.

It follows that such property does not form part of such a

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