Hi,
I am hoping someone can help me out with this as I've searched the internet and not found a similar query;
An estate I am dealing with contains a property that has never been registered with the land registry.
It was inherited by the deceased who then became tenants in common with her daughter who also resided at the property just over 20 years ago via a declaration of trust and deed of appointment.
I am attempting to fill out IHT 404 valuing the property at 50% of its value as set out in the deed
Column D of IHT 404 asks for the contribution from each joint owner. As the deceased inherited the property, you could argue neither her or her daughter had contributed anything to the purchase of the property so what figure should I be putting in this box?
Secondly, I assume that as the property has never been registered, there will be no record of the tenants in common agreement. Therefore should I include a copy of the deed outlining the agreement? If so, does this need to be the original document, a photocopy or a photocopy certified by a solicitor?
Many thanks in advance
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