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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]?

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