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JGM
JGM, Solicitor
Category: Law
Satisfied Customers: 11551
Experience:  30 years as a practising solicitor.
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Knowing that CGT goes to nil on death, the question is what

Resolved Question:

Knowing that CGT goes to nil on death, the question is what CGT allowance might an executor have if he choses to sell an asset before distribution?
Submitted: 30 days ago.
Category: Law
Expert:  JGM replied 30 days ago.

Thank for your question. If an executor liquidates an estate to cash by selling assets, then technically there can be a capital gain on the sale. The allowance would be £11,300 currently. That having been said I have never had HMRC examine a gain on sale of an executry asset. Happy to discuss. I hope that helps. Please leave a positive rating so that I am credited for my time.

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