I am living in my dad's house in Newcastle, he has recently passed away I have been renting the place for the last 12 years. I guess I am sitting tenant, my sisters want to sell the house and split the money between the four of us. would we value the house as a sitting tenant for inheritance tax purposes? or current market value without a sitting tenant? I may want to try and buy the house if affordable. I paid towards all the maintenance, decorating etc. adding to the value of the house over years. what are my rights as a sitting tenant? what can I do or is all the power in the two executors hands?
how long can I stay in the property? anything I can do about my interest/share in the property? advice would be welcome, if any other info needed please ask.
thank you in advance!
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