Capital gains tax

astronautoreo

Hello

Please can someone help me figure out how to calculate CGT on an estate. My husband sadly passed away on 30 November 2021.

I hope this copy and paste of my spreadsheet works:

Item	Valuation on date of death	Value of funds received	Difference
59 ord Shares in Company A	£               -		£                -
Bank account Accrued Interest	£        42.24		£         42.24
43 ord Shares in Company A	£     220.59		-£      220.59
Funds held in shares investment account	£  1,002.32	£  1,002.32	£                -
Shares in ISA accounts	£  1,384.35	£  1,196.73	-£      187.62
Net estate subject to Capital Gains Tax			-£      365.97
Capital Gains Tax payable			-£         73.19

Questions

The 59 ord shares in company A were allocated just after he passed away (the company were not aware he had passed away). Do I pay CGT on the full amount received, as the valuation on date of death is zero? The valuation used for the IHT form for the HMRC was £879.24. I will get less than this on current market prices. 

OR

Do I pay CGT on the difference between allocation valuation (£879.24) and the amount received?

Do capital losses cancel out capital gains? ie the shares in the ISA account made a loss from date of death to receipt of funds- can this be used against any gains made? Or have I done this wrong given that ISAs are tax exempt anyway?

Can I make an interim distribution of funds based on a provisional calculation of CGT, if I leave something left in the estate bank account to pay the estimated CGT? 

I'm sure there's lots wrong in the above, but would appreciate some advice on how to get it right. Thank you!

Keep_pedalling

Yes losses can be offset against gains however the gains here are below the annual allowance allowed for estates (£3000) so there is not CGT to pay.

astronautoreo

Thank you this is really helpful