Death and personal representatives: subjects dealt with
This chapter deals with the Capital Gains Tax consequences of death including the liabilities of
- the deceased
- the personal representatives
- the legatees.
It gives information about the treatment for Capital Gains Tax purposes of variations of the devolution of an estate and establishing the value of an asset at death for Capital Gains Tax purposes.
The HMRC website contains the guidance “What to do about tax when someone dies” which gives basic information about income tax and capital gains tax and briefly mentions inheritance tax.