After death variations: IHT and CGT | Practical Law

After death variations: IHT and CGT | Practical Law

This practice note considers the use of a variation to change the distribution of an estate and the statutory provisions allowing variations to have a retrospective effect for IHT and CGT purposes. The note sets out the requirements to qualify for this retrospective treatment, the scope of the statutory provisions for variations and issues to consider when planning a variation.

After death variations: IHT and CGT

Practical Law UK Practice Note 6-386-4134 (Approx. 41 pages)

After death variations: IHT and CGT

MaintainedEngland, Wales
This practice note considers the use of a variation to change the distribution of an estate and the statutory provisions allowing variations to have a retrospective effect for IHT and CGT purposes. The note sets out the requirements to qualify for this retrospective treatment, the scope of the statutory provisions for variations and issues to consider when planning a variation.