IHTM23189 - Special valuation matters: lease for life

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 (IHTM23190) to him by the transferee in fulfilment of a condition
• a lease is granted gratuitously (IHTM23191)
• occupation of settled property amounts (IHTM23192) to a lease for life