Glenne Nelson

Thank you for responding. I assume that we only need to fill in one capital gains tax form.as filling it in for the Estate. We had conflicting information from HMRC help lines. One agent saying that my wife and I need fill out separate forms, another saying that we only need to fill out one.

Hi all, Our son died intestate on 13/08/2021. My wife and obtained Letters of Administration on 14/02/ 2022 as executors and sole benificiaries. The property is now sold subject to contract, but we discovered that the probate value was 125K when I fact it should have been £135K (we have a valuation of said property of £135-£140K on 06/11/2021). We contacted HMRC and were told that only the value at probate will be accepted. However, another agent told us that you normally can’t change after 2 years of the probated value,,but HMRC can consider mitigating circumstances if evidence is provided. Who is correct??. Can you add written notes on the CGT form. The property is been sold for £145K. Thanks in advance.

Hello all, Our son passed away intestate on 13th August 1021. Both my wife and I are beneficiaries as next of kin and executors as deemed by the Letters of Administration. My son wasn’t married, had no civil partners or dependents, so his main asset was his house (for which we already paid of his mortgage debt). We never transferred the house ownership to ourselves and now have it on the market with possible completion in this tax year. We have downloaded the form for filling out capital gains tax (CGT) but not sure if we fill it as beneficiaries or executors as we are both….or since the property is still in our son’s name, we can only act as executors for the estate. Thank in advance for any response.