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

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial