IHTM35081 | How many variations can be attempted?: introduction

From HM Revenue & Customs · Inheritance Tax Manual

The published guidelines () set out the following broad framework in which to consider when several variations can be made. This is that

  • an election which is validly made is irrevocable

  • an instrument will not fall within if it further redirects any item or any part of an item that has already been redirected under an earlier instrument

  • to avoid any uncertainty variations covering a number of items should be made in one instrument

  • multiple instruments which lie outside these guidelines will have to be considered individually to determine whether or not they qualify.