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Posted 3 days ago by billycat1980 Parsons
Hi Do PRs need to file a trusts and estate tax return where the gain arising from sale of the deceased's home is less than £1500 before any deductions (such as legal fees / estate agents) and exemptions? The property was not left to a specific individual but rather needs to be sold so each beneficiary can each receive a share of the residual estate. The total value of the estate is less that £250k. Thanks!
Posted 3 days ago by HMRC Admin 19 Response
Hi,
Please contact our Trusts team for advice.
Trusts
Thank you.

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