Really, the house gained 60k in value in a year and a half?
CGT is an income tax- so really each beneficiary should deal with their own liability. However in teh case of a beneficiary who is non resident, the vendors solicitor is obliged to hold on to the proceeds until a return is done and a clearance cert obtained.
To try to be a little clearer:
Example; man dies leaving house which is valued for estate purposes at 400,000.00. He has four children who each inherit a quarter share. The house subsequently sells for 600,000.00 6 months later. Here is a gain of 200000. But hey- was the original valuation correct- how could a house rise in value this much in 6 months. We go back to teh valuer and he says yes, he undervalued it. The executor submits a corrective affadavit this time correctly valuing the house at 600000.00. No CGT. Also because the children are only each inheriting 150000, they are not liable to CAT. Now if they had previous inheritances which meant that they were exceeding their CAT threshold anyway then there would be no point in the corrective affadavit in a way, because CGt and CAT are both 20%, although it would be a more accurate representation of the reality, there would be no tax saving. Does that make sense?