Widower wants to sell shares now that probate has been granted but is at a loss on how to assess the capital gain, or loss
A widower inherited 508 Vodafone shares from his late wife, originally acquired through an Eircom IPO and subsequent transactions. He seeks to determine the original purchase price for capital gains tax calculations but lacks the necessary records. A financial expert clarifies that capital gains tax liability and losses die with the asset owner. The relevant value for CGT is the difference between the share price on the valuation date for inheritance (likely the date probate was granted) and the eventual sale price.
