Dave_executor
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RE: Declaring inheritance
My Mother died recently and acting an the executor of the estate I am in the process of completing the sale of her house. The estate doesn't meet the inheritance tax threshold and the house will be being sold for slightly less than it's probate value (£240K v £250K). As such, no Capital Gains Tax will be payable. Will I still need to declare the disposal of the house in my Self Assessment Tax return at the end of the current tax year if no CGT is payable?