The most common variation entered into by parties after the death of the deceased was a variation to insert a gift equivalent to the value of the nil rate band to non-exempt beneficiaries (usually in the form of a discretionary trust) where the whole of the estate had been given to the surviving spouse. This is no longer necessary following the introduction of the transferable nil rate band but the following variations continue to be useful variations which may be entered into for tax planning purposes. Before engaging in any tax planning, specialist advice should be taken as to the particular circumstances of the case.

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