Woodman Drive

Hi Woodman here... I have just seen two responses regarding reporting sale of probate property. My understanding is : If no CGT to pay then no need and distribute the funds If CGT to pay, then this has to be paid first before funds are distributed, which is logical and understood. Am I correct here? Thank you again

Ok. Understood. Can you just advise when all done, and no CGT payable, does one notify anybody eg HMRC or anyone else. Hope this is ok. Thank you.

Hi, Hope I have posted in correct manner! Ref CGT after probate after a trying emotional time.my question(s): I am the executor for my late Mother (passed away July23) I have two sisters. we are all beneficiaries. Potentially sold house for £900000. Probate valued (August 23) was £875000. Legal fees = 1674 Estate agent fees = 10800. I have lived in the house with my Mother since 2012 (I looked after her) I believe I am entitled to PPR Will CGT be payable? If so , how do I pay it? And once the sale id done do I have to let HMRC etc know? Or is that it? Just pass on my siblings their share and move on? I used my CGT allowance last May, I sold my flat, it was rented out, not my main home. I assume the estate is a "separate entity"? Finally , do my sibling have to do/ report anything after they have received their share? Its been an emotional time, any advice, answers appreciated, a sincere Thank you.