diff --git a/SG14/inplace_function.h b/SG14/inplace_function.h
index f36d988b..cddd81ee 100644
--- a/SG14/inplace_function.h
+++ b/SG14/inplace_function.h
@@ -159,6 +159,12 @@ template<
 >
 class inplace_function; // unspecified
 
+namespace inplace_function_detail {
+    template<class> struct is_inplace_function : std::false_type {};
+    template<class Sig, size_t Cap, size_t Align>
+    struct is_inplace_function<inplace_function<Sig, Cap, Align>> : std::true_type {};
+} // namespace inplace_function_detail
+
 template<
     typename R,
     typename... Args,
@@ -184,10 +190,7 @@ class inplace_function<R(Args...), Capacity, Alignment>
     template<
         typename T,
         typename C = std::decay_t<T>,
-        typename = std::enable_if_t<
-            !(std::is_same<C, inplace_function>::value
-            || std::is_convertible<C, inplace_function>::value)
-        >
+        typename = std::enable_if_t<!inplace_function_detail::is_inplace_function<C>::value>
     >
     inplace_function(T&& closure)
     {
@@ -214,6 +217,26 @@ class inplace_function<R(Args...), Capacity, Alignment>
         ::new (std::addressof(storage_)) C{std::forward<T>(closure)};
     }
 
+    template<size_t Cap, size_t Align>
+    inplace_function(const inplace_function<R(Args...), Cap, Align>& other)
+        : inplace_function(other.vtable_ptr_, other.vtable_ptr_->copy_ptr, std::addressof(other.storage_))
+    {
+        static_assert(inplace_function_detail::is_valid_inplace_dst<
+            Capacity, Alignment, Cap, Align
+        >::value, "conversion not allowed");
+    }
+
+    template<size_t Cap, size_t Align>
+    inplace_function(inplace_function<R(Args...), Cap, Align>&& other) noexcept
+        : inplace_function(other.vtable_ptr_, other.vtable_ptr_->relocate_ptr, std::addressof(other.storage_))
+    {
+        static_assert(inplace_function_detail::is_valid_inplace_dst<
+            Capacity, Alignment, Cap, Align
+        >::value, "conversion not allowed");
+
+        other.vtable_ptr_ = std::addressof(inplace_function_detail::empty_vtable<R, Args...>);
+    }
+
     inplace_function(std::nullptr_t) noexcept :
         vtable_ptr_{std::addressof(inplace_function_detail::empty_vtable<R, Args...>)}
     {}
@@ -301,28 +324,6 @@ class inplace_function<R(Args...), Capacity, Alignment>
         return vtable_ptr_ != std::addressof(inplace_function_detail::empty_vtable<R, Args...>);
     }
 
-    template<size_t Cap, size_t Align>
-    operator inplace_function<R(Args...), Cap, Align>() const&
-    {
-        static_assert(inplace_function_detail::is_valid_inplace_dst<
-            Cap, Align, Capacity, Alignment
-        >::value, "conversion not allowed");
-
-        return {vtable_ptr_, vtable_ptr_->copy_ptr, std::addressof(storage_)};
-    }
-
-    template<size_t Cap, size_t Align>
-    operator inplace_function<R(Args...), Cap, Align>() && noexcept
-    {
-        static_assert(inplace_function_detail::is_valid_inplace_dst<
-            Cap, Align, Capacity, Alignment
-        >::value, "conversion not allowed");
-
-        auto vtable_ptr = std::exchange(vtable_ptr_, std::addressof(inplace_function_detail::empty_vtable<R, Args...>));
-
-        return {vtable_ptr, vtable_ptr->relocate_ptr, std::addressof(storage_)};
-    }
-
     void swap(inplace_function& other) noexcept
     {
         if (this == std::addressof(other)) return;
diff --git a/SG14_test/inplace_function_test.cpp b/SG14_test/inplace_function_test.cpp
index d41ddacb..95e56031 100644
--- a/SG14_test/inplace_function_test.cpp
+++ b/SG14_test/inplace_function_test.cpp
@@ -439,6 +439,57 @@ static void RvalueRefParameter()
     g(std::make_unique<int>(42));
 }
 
+static void test_is_convertible()
+{
+    static_assert(std::is_convertible<int(&)(), stdext::inplace_function<int()>>::value, "");
+    static_assert(std::is_convertible<int(*)(), stdext::inplace_function<int()>>::value, "");
+    static_assert(std::is_convertible<int(*&)(), stdext::inplace_function<int()>>::value, "");
+    static_assert(std::is_convertible<int(*&&)(), stdext::inplace_function<int()>>::value, "");
+}
+
+namespace {
+struct InstrumentedCopyConstructor {
+    static int copies;
+    static int moves;
+    InstrumentedCopyConstructor() = default;
+    InstrumentedCopyConstructor(const InstrumentedCopyConstructor&) {
+        copies += 1;
+    }
+    InstrumentedCopyConstructor(InstrumentedCopyConstructor&&) {
+        moves += 1;
+    }
+};
+int InstrumentedCopyConstructor::copies = 0;
+int InstrumentedCopyConstructor::moves = 0;
+} // anonymous namespace
+
+static void test_return_by_move()
+{
+    using IPF20 = stdext::inplace_function<void(), 20>;
+    using IPF40 = stdext::inplace_function<void(), 40>;
+    static_assert(std::is_convertible<IPF20, IPF40>::value, "");
+    static_assert(std::is_convertible<IPF20&, IPF40>::value, "");
+    static_assert(std::is_convertible<IPF20&&, IPF40>::value, "");
+    static_assert(std::is_convertible<const IPF20&, IPF40>::value, "");
+    static_assert(std::is_convertible<const IPF20&&, IPF40>::value, "");
+
+    auto foo = []() -> IPF40 {
+        InstrumentedCopyConstructor cc;
+        InstrumentedCopyConstructor::copies = 0;
+        InstrumentedCopyConstructor::moves = 0;
+        IPF20 f = [cc]() { };
+        assert(InstrumentedCopyConstructor::copies == 1);
+        assert(InstrumentedCopyConstructor::moves == 1);
+        InstrumentedCopyConstructor::copies = 0;
+        InstrumentedCopyConstructor::moves = 0;
+        return f;
+    };
+    IPF40 f = foo();
+    assert(InstrumentedCopyConstructor::copies == 0);
+    assert(InstrumentedCopyConstructor::moves == 1);
+}
+
+
 void sg14_test::inplace_function_test()
 {
     // first set of tests (from Optiver)
@@ -523,6 +574,8 @@ void sg14_test::inplace_function_test()
     test_overloaded_operator_new();
     test_move_construction_is_noexcept();
     test_move_construction_from_smaller_buffer_is_noexcept();
+    test_is_convertible();
+    test_return_by_move();
 }
 
 #ifdef TEST_MAIN