CG31510 - Death and Personal Representatives: Variation of the devolution of an estate: Deeds of disclaimer:Variations: estate: disclaimers: disclaimed assets
A person who receives the interest disclaimed by another person receives that interest in general law as a legatee under the will. If the conditions in CG31490 are satisfied that person also receives it as a legatee for Capital Gains Tax purposes. »Ê¹ÚÌåÓýapp assets are therefore deemed to have been acquired by the person at market value at the date of death, see CG31140. If those conditions are not satisfied see CG31540.