Capital Gains Tax on dead people’s jewellery – CGT death duty on a wedding ring Sometimes people put a Specific Gift in their Will. For example, ‘my wedding ring to my daughter’. The result? CGT death duty on that wedding ring. At death, your Will is lodged in the Probate Office. At that point, your … Continue reading CGT on dead wife’s wedding ring. Specific gifts in Wills are bad. Equalisation clauses do not work.