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Peter Clare - Mr Tax
  Variation of a Will

The Will of a deceased person may not have been drawn in a tax efficient manner but all is not lost. There is a statutory provision whereby the persons benefiting may, by a proper written instrument, elect for the variation of the Will or a disclaimer and neither constitutes a disposal for Capital Gains Tax purposes - the variations being effective as though they had been made by the deceased.
This provides good tax planning opportunities for both Capital Gains Tax and Inheritance Tax but plan carefully with professional advice.
 
   

 

 

 

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