How do I separate CGT allowance for the estate?

Claude_and_Eustace

My late husbad held shares in the company he worked for, the shares were held in America. After the best part of a year of "negotiating" they released the shares to me, but the only way they could do this was to transfer them into my name.  I have now sold some of the shares which have made a gain, but under the £6k threshold.  I know that I need to report this to HMRC and am already preaparing the letter.  But I am really confused as to how I separate this from my own CGT allowance, which I will need to use fully.  Just to add, all of the shares will need to be sold to pay off his debts, therefore nothing will come to me.  

Keep_pedalling

If you sold the shares after they were transferred to you then the gain is yours not your husband’s estate. How have you calculated the gain? It should be based on the share value on the day your husband died. 

Claude_and_Eustace

Thank you for replying. I actually managed to get through to HMRC today after about the 7th attempt, 2 being put through to someone who couldn’t help, 4 of them cutting the call because they couldn’t help at that time and finally someone who put me through to the technical team! They have assured me that as long as I report the gain as executor and it only “sets foot” in the “executor” account (I did explain it’s just a separate account in my name as I struggled to get an official executor account) then they will clearly see that it is not my allowance. I have made a note of their name and time and date of the call - call me cynical!

I calculated the gain from the price on date of death to what I sold them for, which I believe is correct (rather than how much they were bought for). All of the money will go towards his debts, not sure if that makes a difference in case anyone has this dilemma in the future.