Is notification required for a deed of variation?

I am making an instrument or deed of variation to redirect a deceased’s shares from a named beneficiary to a new beneficiary for IHT and CGT purposes. The IHT and CGT position is unchanged by the variation. Although I will include the specific statement necessary for that to take effect, do I need to notify HMRC’s CGT team of the variation? I have seen conflicting guidance about this and the IOV2 checklist only addresses notification in respect of IHT. I asked the IHT helpline and they confirmed that the IHT team doesn’t need notifying unless the IHT position changes, but couldn’t advise on the CGT aspect and redirected me to ask the CGT team.

Hi James,
Yes,you will need to notify HMRC.
Please write to HMRC, PAYE & Self Assessment BX9 1AS.
Thank you. 

 

Reply is for HMRC Admin 25: the checklist was updated this month but still says that HMRC does not need a copy. It would be helpful if you could link to the specific guideline.

Hi,
As this would be for IHT, please contact them on 0300 123 1072.
Thank you.