Home / Private Client / Q&As / Q&As

Legal News

Question of the week: When preparing a deed of variation in an Inheritance (Provision for Family and Dependents) Act 1975 claim, is it necessary to make an election within the deed for inheritance tax and capital gains tax purposes?

Copyright © 2025 LexisNexis
Published on: 14 February 2024
Published by

Article summary

This Q&A considers the inheritance tax and capital gains tax implications of settling a claim under the Inheritance (Provision for Family and Dependents) Act 1975 (I(PFD)A 1975) via a deed of variation.

Powered by Lexis+®
Jurisdiction(s):
United Kingdom

Related documents:

4 News
View More
8 Q&As
View More
Powered by Lexis+®

Related documents:

4 News
View More
8 Q&As
View More

Popular documents

Historically, English law recognises two types of personal property—rights in possession, ie, tangible

Historically, English law recognises two types of personal property—rights in possession, ie, tangible things, and intangible legal rights enforceable by action. When was the last time a new category of property was recognised in English law?The Law Commission Report: Digital assets: Final report

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an

Glossary—Latin legal terms

Glossary—Latin legal termsDespite attempts in recent years to simplify the language used in legal cases, there are still a number of Latin phrases commonly used in personal injury claims. The following Latin phrases are listed in alphabetical order:Latin