Hi Eleanor Morgan,
Where the property is willed to beneficiaries on the death of the owner and the beneficiaries later dispose of the property.
The beneficiaries must then work out if they have a capital gain from the disposal.
Each of the beneficiaries will have an annual exempt allowance.
Where the estate disposes of the property as the property, the estate only has one annual exempt allowance.
There is some guidance on Capital GainsTax:
Capital Gains Tax rates and allowances
Thank you.