Commentary

I4.413 Multiple variations

IHT, trusts and estates

I4.413 Multiple variations

I4.413 Multiple variations

Law Society statement

The Law Society statement of HMRC's policy on instruments of variation referred to in I4.4111 made the following comments about multiple variations:

'There have been some cases in which a number of instruments of variation have been executed in relation to the same Will or intestacy. The Revenue emphasise that these cases must be considered on their precise facts, but in broad terms their views will be as follows:

  1.  

    (i)     an election which is validly made is irrevocable

  2.  

    (ii)     an instrument will not fall within IHTA 1984, s 142 if it further redirects any item or any part of an item that has already been redirected under an earlier instrument, and

  3.  

    (iii)     to avoid

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