Valuation of property for IHT Purposes

I couldn't see a forum dedicated to Inheritance tax so thought I would post here. I am looking for confirmation on the rules concerning the jointly owned property discount. The deceased co-owned a property in equal shares as tenants in common with the trustees of a life interest trust of which she was the life tenant. We need to provide a value for the property for inheritance tax purposes and would like to confirm whether the discount on joint ownership would apply to the property (as the remaindermen under the trust are different to the deceased), or whether the property would be caught by the related property rules. If the joint ownership discount would apply would, would the 15% discount apply or the 10% discount. Many thanks,

Hi,

You will need to contact the Inheritance Tax team for advice for this query.

Inheritance Tax: general enquiries

Thank you.