Nikki Bowtle
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Overseas capital redemption bond
I have a new client who has inherited 1/3rd of an overseas capital redemption bond (Prudential - Northern Ireland) It was transferred to the 3 beneficiaries and then cash in during February this year after my client' mum died. I'm just checking that 1/3rd of the gain will need to be included on my client's 2023/2024 tax return.