Probate sequencing & paying beneficiaries

[freewheeling]

If someone was both executor and beneficiary on a will where that executor has the option to inherit one of two properties, would there be any issue with them doing the following? Inherit property A, sell it, use the proceeds of that sale to buy property B from the estate, and then using the proceeds of that sale of prop. B to pay-out to the rest of the beneficiaries in the will (assuming all the other beneficiaries have no share in either property, and are lump-sum only beneficiaries).

 

[Bobby2013]

What is your relationship to the disponer.... Which Inheritance group applies to you, what threshold will you have for capital acquisitions tax on the inheritance? .... CGT on disposal?

 

[freewheeling]

What is your relationship to the disponer.... Which Inheritance group applies to you, what threshold will you have for capital acquisitions tax on the inheritance? .... CGT on disposal?

Hi. Disponer would be a parent. So I think the CAT rate/threshold is 33% over ~335K? Would there be a CGT liability if the inherited property were sold?! (on top of CAT) Thanks.