Capital Gains Tax on Estates

harlequin55

Does anyone know if the individual CGT allowances of an estates beneficiaries can be combined to offset any CGT that may have arisen during the estates Administrtatiion period? 

Savvy_Sue

My understanding is that the Estate and the Beneficiaries are different entities, so you can't combine the two. You have to base the taxation on how the assets are held: if a house is being sold 'from the estate', then it's only the estate's CGT allowance which can be used. 

And there are of course other issues which arise if you transfer a house to the beneficiaries before sale, and you may not be talking about a house at all.