Selling shares on Estate

davey4444

Hi, my wife and I are the Executors of a Will and as part of dividing up the estate, we need to sell shares which were owned by the deceased. We contacted the registrar who gave us the option of either selling the shares by post in the name of the deceased or transferring them to us and then we can sell online or by phone. I was told that the advantage of the latter option would that it would be less expensive to sell.
I tried to look online about this process and read about capital gains tax and I don't quite understand how/if this will affect us. I tried to call the registrar again but the person who I spoke to really wasn't knowledgeable on the subject which was frustrating.

Overall the shares are work about £5,800 at today's rates and I don't believe that either of us will be liable for CGT this tax year. My wife is also a beneficiary of the Will and we expect that to be around £22,000, not sure if this matters or not.

My question is around the advice on selling the shares, the easiest way seems to be the most costly however transferring the shares to then sell doesn't feel right for me in terms of the actual transfer and then also in terms of taxing on it.

Any help is greatly appreciated on this!

Keep_pedalling

personally I would take the small hit and keep it simple. Capital gains is not an issue you need to worry about in this case.