Income tax: capital gains: how are net capital losses unrecouped by a taxpayer at the date of his or her death treated?

Unrecouped net capital losses lapse on death.

These losses cannot be:- (a) offset against other income in the final individual income tax return of the deceased; (b) carried forward into the first income tax return of the trust estate to be offset against future capital gains made by the trust estate; or (c) distributed to the beneficiaries of the deceased estate.