120 IHT: variation of dispositions taking effect on death
Finance Act 2002 (2002 c 23) | Legislation

120  IHT: variation of dispositions taking effect on death

(1)     In section 142 of the Inheritance Tax Act 1984 (alteration of dispositions taking effect on death), for subsection (2) (election to treat subsequent variation of dispositions taking effect on death as if effected by deceased) substitute—

“(2)     Subsection (1) above shall not apply to a variation unless the instrument contains a statement, made by all the relevant persons, to the effect that they intend the subsection to apply to the variation.

(2A)     For the purposes of subsection (2) above the relevant persons are—

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