A client sadly passes away, leaving their daughter an investment worth £200,000. The original investment was £100,000. The daughter is a higher-rate taxpayer and decides to cash in the investment immediately to help with school fees. As current rules stand, she would inherit £200,000, £100,000 of which is investment gains (not withstanding inheritance tax). However, a change in capital gains tax rules would mean that she inherits only £160,000, or £164,920 if she uses her annual capital gains tax allowance of £12,300.