Inherited Share Options

[john15]

If someone who has a lot of shares from his employer with expiry dates to exercise these options dies, presmably any capital gain is dealt with at this time and the shares given a value at probate. When the shares are subsequently sold by his wife, is the base cost the value at probate ignoring any option dates or other conditions attached to the original share issue.
Thanks for any help.

[maths]

Not sure i follow.

If an employee has share option which at the date of death have not been exercised, do the options not then simply lapse?

[john15]

Thank you for your response. I think I have confused myself with this. He had shares from his employer with certain conditions attached but at death they all went to his wife. The base cost was nil but they were given a value at probate so presumably when they are sold the only uplift is from the probate value.