TSW: Death should be a disposal for CGT purposes

[Brendan Burgess]

7.1 The Commission recommends, on horizontal equity grounds, that the transfer of assets on a death is treated as a disposal for Capital Gains Tax purposes. The Capital Gains Tax treatment of assets transferred during a lifetime in terms of tax payable, exemptions and reliefs available should also apply to assets transferred on a death.

 

[Brendan Burgess]

I am delighted to see this.

It was one of the submissions I made.

The exemption makes no sense.

Brendan