CGT on unit trusts dating from 1964 that have eventually become OEICS

confused_I_think

Hello
My Dad died recently and I am going through his 'stuff'. There are two OEIC funds which started as unit trusts back in 1964. I have ALL the dividend-statements/share-certificates/tax-vouchers and in all but a few cases the dividends have been reinvested in the funds. I will be quering the "few cases". As such I have a pretty accurate idea of the actually invested capital.
During the life of these funds there have been several name changes or perhaps movements to other funds but it seems that these have been at the instigation of the company operating the funds. There has also been several company mergers.
For taxation purposes, are name changes etc important? There doesn't seem to be any tax significance given in any of the literature I have found about them.
What follows is based on the assumption that there are no tax liabilities or complications generated by these name changes etc.
My Dad's 'cash' will go to my mother but it is possible I will have to advise her, even if that advise is to "get an accountant". So, I have been trying to get to grips with CGT.
I am getting the impression that, with regard to the capital invested before something like 1982, the following options exist.
1) Apply the highest indexation factor shown in IR charts to each investment, ie index at the highest rate all the money actually invested in the funds by '1982'
or
2) Take the value of the funds in '1982' as their acquistion value and '1982' as their acquistion date and apply the highest index to those values.

Then, for the investments made before '1982, the calculations

(1 + highest index factor) x the appropriate acquistion value = indexed acquisition value (IAV)

are performed,for each fund, to produced "IAV"s at the time of the indexation/taper-relief boundary.
The method used, ie 1) or 2) above, being that which gave the lowest taxable gain at the indexation/taper-relief boundary.
Am I correct?
For transactions between the '1982' threshhold and the indexation/taper-relief boundary, I use the IR charts to work out, for every transaction, an "IAV" at the time of the indexation/taper-relief boundary.
Is that correct?
At the indexation/taper-relief boundary I assume, for each fund, I end up with one "IAV" for all the pre-(indexation/taper-relief boundary) investments and that I then apply taper relief to that single "IAV".
Would that be correct?
I think thats all for the moment :A
Thanks

noh

No CGT is due on death only IHT but this transfer is exempt from IHT as it is to a spouse.
http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/BeginnersGuideToTax/DG_4016313
If your mother disposed of the unit trusts/OEICs the only CGT due would be on the increase in value between the date of death and disposal.

Nigel

confused_I_think

Thats the sort of answer I like :rotfl: