Gary Stott

I am executor of my mothers estate (As executor, I am 1 of 3 beneficiaries from the estate) and at the time of death I set the Probate value at £150,000. Which consisted of savings at £23,000 and the property at £127,000. I have now sold her house and received most of the monies from her estate. The savings rose slightly (£124,000) due to interest payments and the house has sold for £148,000 (After estate agents and solicitor fees). So, a rise of £22,000 on the probate value. In this case, do I pay CGT? (I presume I do) And if so, do I (as executor) have to pay CGT on £16,000 (£22,000-£6,000 allowance). Or Do the other beneficiaries allowances come into play, so we pay CGT on £4,000 (£22,000 - £6,000x3) Any advice would be much appreciated.