Ask a Law Question, Get an Answer ASAP!
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.