Header Bar
Welcome to UKtaxadvisors.com - We are regulated by The Chartered Institute of Taxation. Get your Accounts and Tax Return completed by qualified accountant from just £120!

Uk Tax Advice Online Overseas

Dear, I would like to know your opinion on my personal case related to inheritance taxes in UK. My uncle is dead last august and my father was designed as the only heir through a will. Among his asset, my uncle had 5 flats which my father has obviously inherited. Six months before his death, my uncle signed a 20 years-long lease with a third part. The value of this lease was agreed in 100.000 £ per year, but the real market value can be calculated in 200.000 £. This lease will probably reduce the value of the estates (I suppose at least a decrease about 50%). My questions are: – Could this lease be considered as a gift? – If yes, does my father has to pay inheritance tax on? – What would be the taxable amount on this lease:  The total amount (200K £ x 20years)?  The difference between the market value and the effective one [(200K £ – 100K £) x 20 years]?

Leave a comment


Contact US

Please email us on info@uktaxadvisors.com

We are a team of tax advisers and accountants. Our role is to provide well thought through tax consultations and tax advice where applicable to you. We also provide a wide range of accounting and financial advice services.

Simply email us your requirements on info@uktaxadvisors.com or using the contact us page HERE and your request is addressed in a matter of minutes. .

Present your request in your own way– quick & easy. Make a short and clear, yet very informative request and this will be forwarded to the right department. An accountant or financial advisor or tax advisor will contact you to start a discussion to provide you a solution.

If you have any documents for Posting - please send us to our main office:

829 Birmingham New Road

If you have any queries or additional questions / comments please email us on info@uktaxadvisors.com

Contact Us UK Tax Advisors
Get your Accounts and Tax Return completed by qualified accountant from just £120!
Left hand side



Enter the Code above