This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Inheritance Tax Manual

Instruments of Variation: what you should do when you receive an IoV

When you receive an IoV, executed on or after 1 August 2002, you will need to

  • check the proximity of the time limits, (IHTM35013) and give the case the appropriate level of priority accordingly
  • ensure that the instrument conforms to the published guidelines (IHTM35021),
  • check that if the variation results in additional tax a notification of the additional tax (IHTM35029) has been sent
  • check through form IOV2 (IHTM35029) if it has been completed, and
  • complete form IOV1 (IHTM35031) to establish whether or not the instrument meets the conditions of IHTA84/S142.

If the IoV was executed before 1 August 2002, omit the third and fourth steps.