The 'life' of a company for IHT
In Lexgreen Services Limited v HMRC [2026] UKUT 00289, the Upper Tribunal (UT) upheld the decision of the First Tier Tribunal (FTT) finding that a company had a ‘life’ for Inheritance Tax (IHT) purposes. This meant that a corporate settlor was liable to IHT arising on a non-resident trust’s ten-year anniversary.
