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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
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Liability to date of death: no disposal on death

TCGA92/S62 (1) (b)There is no chargeable occasion for Capital Gains Tax purposes when an individual dies as regards assets of which that individual was competent to dispose, see CG30360+. TCGA92/S62 (1)(b) says that for the purposes of the Act the assets of which a deceased was competent to dispose shall not be deemed to have been disposed of by him on his death (whether or not they were subject to a testamentary disposition). For practical purposes this can be regarded as covering all the assets in which the deceased had an interest.