Crispin Dunn-Meynell

I understand the position clearly regarding property (buildings and land). My question was regarding sales of shares where the value has increased bewteen the date of Probate and the date the shares are sold. Does HMRC define all possessions listed for inheritance tax as 'property'? As an inheritance becomes the property of the beneficiaries at the date of Probate, would it be for them rather than the Executor to declare to HMRC their portion of the capital gain.

I am transferring an inheritance to the US. Between probate and shares being sold there was a Capital Gain above the tax free exemption. The benficiary's US accountant says the funds should be sent without paying UK CGT as the CGT liability is with the beenficiary and should be declared to the IRS in the US and tax paid there. As the Executer, my understanding is that I should pay UK CGT before releasing the inheritance.