Hi.Your aunt died in December 2013 and the property was sold in February 2015. At that time, all her assets became the property of her deceased estate which was under the control of your father as executor. Therefore, the gain from any sale of the property is not a gain belonging to your late aunt as it (the property) was still owned by her at the time of her death.The gain which is calculated using the probate value of the property as the CGT cost belongs to the deceased estate which gets one CGT exemption for the tax year in which the death occurred and one in each of the two following two tax years. However, an unused CGT exemption cannot be carried forward. Deceased estates also pay CGT at 28%.Had the property been put into the names of the beneficiaries before being sold, then each beneficiary would have been entitled to offset their respective CGT exemptions against their respective shares of the gain and may only have had to pay CGT at 18% depending on the level of their respective incomes.I hope this clarifies matters for you but let me know if you have any further questions.
Thank you Tony.