Deed of Variation

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Deed of Variation Beneficiary Will Intestacy Inheritance Tax Capital Gains Tax Estate Planning Tax Planning

A deed by which the beneficiary under a will or an intestacy redirects the gift to some other person (who may or may not be a beneficiary of the estate). Provided this is done within two years of the deceased's death and statutory requirements are complied with, the redirection is not treated as a gift for inheritance tax or capital gains tax purposes.