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HMRC internal manual

Inheritance Tax Manual

HM Revenue & Customs
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How many variations can be attempted?: link between s.142 and s.144

You may accept that

  • there can be a IHTA84/S142 (1) variation or disclaimer after a IHTA84/S144 event, such as the exercise by trustees of powers of appointment and advancement, and
  • a IHTA84/S144 event after a IHTA84/S142 (1) variation has created a discretionary trust, or a disclaimer has caused property to be added to a discretionary trust set up under the will.