Company 1 is controlled by Mr A (51%) and Mr B (49%). A and B are otherwise unconnected. A also owns 100% of companies 2 and 3, and B owns 100% of company 4.
I am dealing with a discretionary trust set up following a successful medical negligence claim, the recipient being profoundly disabled. HMRC have confirmed that the provisions of IHTA 1984, s 89...