Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Thu, 11 May 2023 17:55:33 GMT by Nettie KL
CGT due from sale of inherited property by both Executors but one is non tax payer, the other is high rate tax payer. Do two separate tax returns have to be done splitting the asset and liabilities into the % shown in the will? Thanks
Posted Thu, 18 May 2023 15:17:49 GMT by HMRC Admin 5

Yes, each Executor should declare the Capital Gains arising from the sale of their share (per the terms of the Will) of the inherited property.

You can find more information here - Tax on property, money and shares you inherit

Thank you

You must be signed in to post in this forum.