IHTM21046 - Valuation and technical issues: settled property

If the deceased had the right to use and enjoy chattels then he would be regarded as having an interest in possession (IHTM16061) in those assets and their value at the date of his death should be included in the IHT400 (IHTM10021). The normal circumstance in which such a claim would arise would be where the deceased occupied their house by virtue of an interest in possession and the right to occupy the house was accompanied by a right to use the contents of the house.