A combination of inter-spouse transfers and the CGT-free uplift on death allows inter-spouse planning to be carried out on or near death in quite an effective manner. In short, any accrued capital gain on an asset owned by one spouse (who does not anticipate death in the near future) may be wiped out. This is achieved by one spouse (S1) transferring an asset on which a significant capital gain has accrued to the other spouse (S2) not long before S2’s death. Under S2’s will the asset is left to S1. S1 thus re-acquires the asset at its market value at the date of death of S2, thus wiping out the accrued gain; simple and effective.