Ms Anne Gunnell:

Yes. Obviously, it is a very sensitive and difficult time for anyone and no one wants to go through it. It is also a very complicated process already in that there is CAT, you must value your assets, get probate and all that kind of thing. Trying to value the assets on the death of the disponer would be adding another layer to that administration at a difficult time. It would be complicated. We would be imposing CGT on the assets of the disponer but there would equally be CAT on the beneficiaries. As that is the same event under our legislation, the CGT liability is offset against the CAT, so in most cases it would be a limited return to the Exchequer. We feel the associated costs of that and the distress for ordinary taxpayers of it being administered are not worth the return, which could be quite minimal. It seems to be a complicated thing to do.