Further tax liability on distribution of estate

[Bartimaeus]

Parent died in 2011, leaving all property and assets to be divided equally between 3 beneficiaries all children of the deceased.
The total valuation estimated in the year of death broke down to be slightly less than the threshold in 2011 @ appx 330,000 per beneficiary.
And appropriate CAT declarations were made on the basis at that time.
However the estate was in the hands of the administrator and it took appx 3 years to get to the point where the properties were sold and the proceeds distributed to the beneficiaries.
The house prices had increased in the interim and the estate paid CGT for the difference between the CAT value and the actual selling price of the properties.
It has been suggested by one person that because the beneficiaries will have been disbursed a sum greater than the initial valuation of the estate that they will be liable for other CAT or other similar taxes on the difference between what they actually received even after CGT and the initial valuation of the estate.
Is this correct?

 

[Jon Snow]

Parent died in 2011, leaving all property and assets to be divided equally between 3 beneficiaries all children of the deceased.
The total valuation estimated in the year of death broke down to be slightly less than the threshold in 2011 @ appx 330,000 per beneficiary.
And appropriate CAT declarations were made on the basis at that time.
However the estate was in the hands of the administrator and it took appx 3 years to get to the point where the properties were sold and the proceeds distributed to the beneficiaries.
The house prices had increased in the interim and the estate paid CGT for the difference between the CAT value and the actual selling price of the properties.
It has been suggested by one person that because the beneficiaries will have been disbursed a sum greater than the initial valuation of the estate that they will be liable for other CAT or other similar taxes on the difference between what they actually received even after CGT and the initial valuation of the estate.
Is this correct?

The answer is "it depends".

It depends on when the assets were retained for the benefit of the beneficiaries by the administrator.

If they have done things correctly up to now, then no further liabilities should arise, beyond the CAT & CGT already paid.