Commentary

Section I4.434 Comparison of section 144 with variations

IHT, trusts and estates

Section I4.434 Comparison of section 144 with variations

I4.434 Comparison of section 144 with variations

Wills drafted to take advantage of IHTA 1984, s 144 (see I4.431) are useful in that they make allowance for changes of circumstances which might occur between making a Will and dying.

Similarly, post-death variations are means by which changes of circumstances can be dealt with. IHTA 1984, s 142 (see I4.411) and IHTA 1984, s 144 (see I4.431–I4.433) are similar in that they allow for an inheritance tax free rearrangement of an estate within two years of a deceased's death, the rearrangement being treated as made by the deceased.

Differences between s 142 and s 144

There are a number of differences between the two reliefs and the means of obtaining

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