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  1. L

    CGT - Inheritance

    Thank you but tax office advices going to taxation accountant! Reckon we will have to
  2. L

    CGT - Inheritance

    The administrator sold house but maintains that on legal advice the estate less proceeds of house sale had already been distributed so therefore the proceeds from house sale can be taken as distributed and each beneficiary is responsible for CGT on gain arising from uplift in value. If this is...
  3. L

    CGT - Inheritance

    No I am not mixing up CAT with CGT. We are not liable for CAT. Their is a liability for CGT because value of house went up from date of death (or should it be date of grant of administration) and date of sale My query is should executor pay CGT or is it correct that each of us is responsible for...
  4. L

    CGT - Inheritance

    Our Mum died with no will. 3 children inherit estate. 1 is living in family home with deceased mother for over 20 years. Executor has sold home and divided proceeds among 3 children advising us to each make our own CGT return. As the sibling who lived in family home, I presume she has no...
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