Hello and welcome to the site. Thank you for your question.Please advise Were the sale proceeds of these units trusts in excess of £44,000?
What were the sale proceeds?Many thanks
Thanks for your quick response.
Unfortunately the units sold for £44227.00, also the estate is subject to IHT so it looks like it will have to pay CGT on the gain and IHT on the balance!
I hope this is helpful and answers your question.
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Thanks for this, I can certainly back track to the start of these particular unit trusts ( started by Barclays in 1996) , but I the original units were called something else before and 'converted' into Barclays UT however I cannot track those particular units at all ( other than seeing on-line that they did exist).
I think that the units may have originally been purchased back in about 1983 when the lady received a lumpsum payout upon the death of her first husband - as far as HMRC are concerned is it OK to use the existing unit prices etc from inception and explain that we cannot find any details from earlier?