Probate advice
C » Capital Gains Tax (CGT)
Capital Gain Tax can arise in a Deceased's lifetime and the Tax Return for which could be outstanding at the date of death. You will probably need professional advice from a tax advisor to complete the return.
There is no Capital Gains Tax arising on death but there may be an outstanding lifetime bill due to be paid as at the date of death. Speak to the Deceased's accountant for help.
There may be Capital Gains Tax arising during the period of Administration, where an asset valued at death (say a house or shares) has risen in valued by the time of sale or disposal. However there are 'elections' which can be made (depending upon the asset involved) in order to mitigate such tax and due the complexity it is essential that professional advice is sought.