IHTM23189 | Special valuation matters: lease for life

From HM Revenue & Customs · Inheritance Tax Manual

There are three different situations which may lead to a lease for life. These are where

  • a lease is reserved by the transferor or granted () to him by the transferee in fulfilment of a condition

  • a lease is granted gratuitously ()

  • occupation of settled property amounts () to a lease for life