CGT when estate is 0 IHT

Please can you confirm that no CGT is due on assets which would have been subject to CGT if sold during lifetime, ie shares and financial products, are sold or crystallised upon death and the value goes to the spouse as part of the total value of the estate (therefore no IHT is due as exemption applies).

Hi Jan,
Capital gains tax and Inheritance Tax are totally separate from one another.
There is no Capital Gains Tax on the transfer of assets from a between married couples and also civil partners.
On the death of a spouse or civil partner, their assets transfer to the surviving spouse or civil partner and no Capital Gain Tax is payable on the transfer.
If the surviving spouse or civil partner then dispsoses of the assets at a later date, they may have Capital Gains Tax to pay at that time.
Thank you.