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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
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Annual exempt amount: exploitation: liaison

If a taxpayer who has given away an asset (whether to exploit the annual exempt amount or otherwise) dies, you may have to make a report to IHT Compliance Group. See EH214a.

If you are enquiring into a case of fragmentation or asset splitting (see CG18150-18172) and the taxpayer has died within 7 years of the transaction, liaison with IHT Compliance Group may be necessary. They may have an interest in, or be corresponding about, the transaction you are considering. In such cases you should send a brief summary of the transaction to IHT Compliance Group as soon as possible.