IHT405 Page 2
Give details of each item of property. If the deceased owned a large number of properties use
more than one form.
Item number – Number each item of property.
Full address or description of property – Give the address or full description of the property.
If the property has no street number or it is farmland or other land without an address,
enclose a plan that clearly shows the boundaries of the property.
Tenure – State whether the deceased owned the property outright (freehold) or had a lease
(leasehold). For leasehold property enter the number of years left on the lease and the
annual ground rent.
Details of lettings/leases – If the property was let out by the deceased, you must provide
a copy of the lease, sublease, business or agricultural tenancy agreement. If the following
information is not contained in the lease, sublease and so on, or if there is no written
agreement, please enter in this column:
• date the tenancy/lease began
• date the tenancy is due to end
• what rent is payable and whether the rent can be reviewed
• who is responsible for the outgoings on the property
• name of the tenant
If the property was unoccupied at the date of death, write 'vacant'.
Value of agricultural, business or woodlands relief or heritage exemption – If you’re
deducting agricultural relief, woodlands relief, business relief or claiming heritage exemption,
enter the value of the property that you say qualifies for relief or exemption.
You can’t deduct business relief on businesses that deal in properties or investments.
AB C D E F G
Item Full address or description Postcode of Tenure Details of Value of agricultural, Open market value
number of property property (For example, freehold or leasehold. lettings/leases business or woodlands at the date of death
If leasehold, tell us the length of relief or heritage
the lease and the annual ground exemption deducted
rent, if applicable.)
Total of column above –
copy this amount to
form IHT400, box 51