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HMRC internal manual

Trusts, Settlements and Estates Manual

Deceased persons: capital gains

If the personal representatives dispose of assets during the administration period and make chargeable gains, the annual exemption is due for the year of death and the two following years (CG30600).

For all years up to and including 1997-98 chargeable gains are taxed at basic rate.

For the years 1998-99 to 2003-2004 the rate is 34%.

For the years 2004-2005 to 2007-2008 the rate is 40%.

For gains from 2008 up to and including 22 June 2010 the rate is 18%.

For gains after 22 June 2010  to 5  April 2016 the rate is 28%.

For gains from 6 April 2016 not including residential property the rate is 20%

For gains from 6 April 2016 for disposals of residential property the rate is 28%.