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Question 3d

Your firm has been asked to provide advice in connection with capital gains tax following the death of Cada. The advice relates to the implications of aspects of capital gains tax planning.

Cada’s shareholdings at the time of her death:
– Quoted shares in JW plc valued at more than cost.
– Quoted shares in FR plc valued at less than cost.
– Unquoted shares in KZ Ltd valued at £nil.

Required:
(d) In relation to capital gains tax, explain what beneficial actions Cada could have carried out in the tax year of her death in respect of her shareholdings. (5 marks)