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Are beneficiaries subject to Capital Gains Tax?

In most cases, transferring investments after a death involves a change to the name on the account, so it wouldn’t result in a Capital Gains Tax (CGT) liability.

However, in situations where funds aren’t available for transfer and the beneficiary chooses alternatives, there may be a CGT implication.

We’d suggest that executors or beneficiaries consult a tax adviser or HMRC.