Which provision is included in the writing back part of a deed of variation?

The inclusion of provisions from the Inheritance Tax Act and the Taxation of Chargeable Gains Act in the writing back part of a deed of variation is significant because these sections help clarify the tax implications of varying the distribution of a deceased person's estate. When beneficiaries agree to change the terms of the will or how the estate is to be divided, it can have consequences for inheritance tax and capital gains tax.

Specifically, the provisions of the Inheritance Tax Act assist in determining any potential inheritance tax liabilities that may arise from such variations, and the Taxation of Chargeable Gains Act deals with the implications on capital gains tax. This is particularly important because variations in how the estate is distributed can affect the computation of chargeable gains and potential tax liabilities incurred by the beneficiaries.

In contrast, the other choices refer to legislation that does not specifically align with the writing back provisions in the context of a deed of variation. While each of these acts has its significance in various areas of tax law, they do not directly address the necessary provisions for amending a will’s distribution for tax purposes as effectively as the relevant sections from the Inheritance Tax Act and the Taxation of Chargeable Gains Act do.