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HMRC internal manual

Venture Capital Schemes Manual

From
HM Revenue & Customs
Updated
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VCT: investor CG deferral relief: death

TCGA92/SCH5C/PARA3 (5)

Death is not treated as a disposal. Therefore the death of an investor does not bring the deferred gain back into charge. Neither will the deferred gain be brought back into charge if any of the events listed in VCM53090 occurs after the date of death. The same rule applies to the death of any person who acquired the shares on a no gain/no loss transfer between spouses or civil partners. The deferred gain is not passed on to the estate or beneficiary.