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HMRC internal manual

Capital Gains Manual

Life interests: extension to non-life interests: commencement

ESC/D43

The concession applies to

  1. deaths on or after 15 February 1993, and

  2. where there is an occasion of absolute entitlement on a death before 15 February 1993, if the computations of CGT liability were unsettled on that date, and

  3. where property continues to be settled property after a death before 15 February 1993

* to any disposals of that property on or after 15 February 1993, and
* to any disposals before 15 February 1993 where the computations of CGT liability were unsettled on that date.

It does not apply to deaths on or after 6 April 1996 as the change in legislationapplies from that date.