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HMRC internal manual

Inheritance Tax Manual

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