Stanley Winter

Could you please clarify the position relating to CGT on the proposed sale of my late mother’s property? My mother died in April 2020 and left no will. I am the Administrator of her estate, acting on behalf of 5 beneficiaries- myself and my 2 brothers and 2 sisters. Upon her death, my mother owned 51% of the property, the other 49% was owned by a Housing Association. The property was valued at £320,000 for probate purposes so my mother’s share was valued at £163,200. In March 2021, the 5 beneficiaries purchased the remaining 49% share of the property for £156,800 from the Housing Association (via equal contributions from the beneficiaries) as the property was valued at £320,000 at that time. The property is now vested in the name of the Administrator. The property is now being sold at £375,000, subject to contract. It is not clear but I assume: 1) CGT will be payable on the gain of my late mother’s 51% share of the sale price, less 51% of selling costs and subsequent improvements to the property between 2021 and 2024? 2) The Administrator should pay that CGT from the estate? 3) The 5 beneficiaries should pay any CGT on the gain on the remaining 49% share of the property (after deducting 49% of the selling costs/improvements to the property? Could you please clarify the position? Thank you 2) The 5 bend