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Posted Wed, 28 Aug 2024 08:49:48 GMT by Jan Smith
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 total value of the estate is left to the spouse (therefore no IHT is due as exemption applies). Any assets which would have been subject to CGT if sold during lifetime, ie shares and financial products, are transferred to the spouse are only subject to CGT on the gain made from date of transfer to the date of sale, As CGT date is reset on death.
Posted Mon, 09 Sep 2024 10:25:15 GMT by HMRC Admin 19 Response
Hi,
We can only provide general information and guidance in this forum. For an answer to a detailed question of this nature, you would need to contact our Self Assesment team for advice or seek professional advice.
Contact HMRC
Thank you.

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