There are exceptions to the basic rule that the normal definition of a disposal for capital gains tax purposes applies (see B5.705).
Death of participant
First, although under normal capital gains tax rules death is not an occasion of charge1, under these regulations there is a deemed disposal2. Thus where a person with an interest in a non-reporting fund dies, they are deemed to have disposed of that interest to their personal representatives on death at the then market value. The normal rules regarding the treatment of personal representatives apply. These rules only apply to an interest if it comprises assets of which the deceased was competent to dispose.
Share exchanges
In certain circumstances
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