Meg Saksida reminds us of three reliefs potentially available as a result of someone’s death and how they can be maximised during the pandemic.
At the time of writing, the death toll from the Covid-19 pandemic continues to rise. It is perfectly understandable that tax issues for the personal representatives of those who have tragically lost their lives will not initially be high on the list of priorities.
When it becomes necessary to do so, the following post-mortem reliefs may be worth considering, depending on the deceased’s personal circumstances.
1. Sales of quoted shares at a loss post death
If, within a year of death, the deceased’s personal representatives (PRs) sell shares, unit trusts or open-ended investment companies at a loss, they may be
