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HMRC internal manual

Venture Capital Schemes Manual

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


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.