Transfer of capital losses to surviving spouse in year of death

V

Volvov

Registered User
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My spouse passed away earlier this year.
We had accumulated losses on shares not utilised.
If I sell shares before year end can I offset gain against joint losses
 
Volvov said:
My spouse passed away earlier this year.
We had accumulated losses on shares not utilised.
If I sell shares before year end can I offset gain against joint losses
Click to expand...

I am sorry for your loss, please accept my condolences.

Did you have a joint investment account?
Were all of your shares held jointly?
Did your spouse realise gains in any of the previous three years?
 
Gordon Gekko said:
I am sorry for your loss, please accept my condolences.

Did you have a joint investment account?
Were all of your shares held jointly?
Did your spouse realise gains in any of the previous three years?
Click to expand...
All shares held jointly. Gains in 2019. Not enough to utilise losses
 
Okay. It’s a while since I looked at this; I’m not 100% sure, but CGT disappears on death, so half of the shares sitting on gains have rebased to their market value, thus eliminating the gains. Unused losses can be carried back for offset against gains in the previous three tax years.
 
Many thanks,is that market value at date of death?
 
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