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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
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Personal representatives: annual exempt amount

TCGA92/S3 (7)

In assessing gains arising to personal representatives in that capacity during the administration period the full amount of the annual exemption should be allowed in an assessment

  • for the period from the date of death to the following 5 April no matter how short this period is
  • for the two years of assessment following the year in which the date of death falls.