Capital Gains Tax - Inherited Investment Account (Historic)

[Joust99]

Hi all,

Bit of a strange one this, maybe someone can help as to how to handle the following situation....

My uncle died in June 2019, and I understood at the time that everything was dealt with and distributed to my Auntie (his wife) as per terms of the will....

In June 2025, the original solicitors dealing with my uncles will had a communication from Quilter that there was an outstanding general investment account in my Uncles name that hadn't been dealt with and needed direction on what to do with the account - at that time we decided that the account should be transferred into my Aunties name - this was finally completed in Dec '25 (after lots of toing and froing).

The GIA has now been sold (Jan '26, invested into other accounts) and so has will be included into my Aunties 25-26 personal tax return (although the 'gain' was only around £1000, so will probably fall under the CGT limit of £3k).

However, the question here is will she be liable to pay more tax? The account only came into her name in Dec '25, but the investment had been gaining in value from June '19 to Dec '25 but under my dead uncles name - does anyone know how this should be handled? (BTW I've no idea how much the account gained in value in that period, or infact how long the investment was held originally by my uncle).

Any advice given gratefully received.

Joust

[Mr E]

You need the valuation at date of death, thus you can calculate the gain realised (when you cash out). Your aunt is responsible for paying cgt on that gain.

The executors need to determine if there is additional IHT due as well.