A Deed of Variation is a legal document used to change the distribution of a deceased person’s estate after death. It allows beneficiaries to redirect all or part of their inheritance to others or into a trust, often for tax or personal reasons.
Legal Reference
Recognised under the Inheritance Tax Act 1984 and Income Tax Act 2007.
To be effective for tax purposes, the deed must be made within two years of death and meet specific HMRC criteria. It must be signed by all affected beneficiaries.
Sources
Wikipedia – https://en.wikipedia.org/wiki/Disclaimer_of_interest
Wikidata – https://www.wikidata.org/wiki/Q3936126
Gov.uk – https://www.gov.uk/hmrc-internal-manuals/trusts-settlements-and-estates-manual/tsem1815
Knowledge Graph – https://www.google.com/search?kgmid=/m/07112q
DBpedia – http://dbpedia.org/resource/Disclaimer_of_interest
Product Ontology – http://www.productontology.org/id/Disclaimer_of_interest