How many taxes....

[KARL]

I am curious: When someone dies owning physical things of value in addition to, say, investments (virtual/paper assets), their estate is valued and Inheritance Tax is levied accordingly. What about Capital Gains Tax, is that also levied on any increase in value of not only investments but also such things as property other than own home/residence, and if so is it taken before the valuation for IT purposes or are both taken off the value as if neither knows of the other (a sort of double taxation) ? Are there any other taxes which pile onto the estate's bill ?

[dzug2]

In the majority of cases, there is no capital gains tax on death - it's replaced by inheritance tax.

[KARL]

Thanks for that.