Inherited - Assigned Overseas Bond Chargeable Event

My wife has received a chargeable event certificate for an overseas bond she inherited on her father's death in 2018. Change of ownership was by way of assignment. The chargeable event covers the period 2015 when the bond was purchased until 2024. As the bond value has not increased since inheritance in 2018 should my wife be responsible for the past taxable gain on it? How can she eliminate being charged tax on this chargeable event certificate?

Hi samib,
As your wife is the beneficial owner of the chargeable event gain, she is liable to pay tax on any gain that arises. The gain should be declared in a Self Assessment tax return.
Thank you.