CGT on probate property - HMRC online

Dilbert_Investor

I’m due to pay CGT on a probate property sold by the estate before distribution.

I’ve registered a complex estate and set up a capital gain tax account.

When I’m filing the online CGT form, there is a question about how the trust got the property.  The most likely options are either (i) inherited it or (ii) other.  I’m assuming i say other and specify that it it part of the estate?

Does anyone have any experience of this?  

poseidon1

Dilbert_Investor said:

I’m due to pay CGT on a probate property sold by the estate before distribution.

I’ve registered a complex estate and set up a capital gain tax account.

When I’m filing the online CGT form, there is a question about how the trust got the property.  The most likely options are either (i) inherited it or (ii) other.  I’m assuming i say other and specify that it it part of the estate?

Does anyone have any experience of this?  

See guidance below. 

https://www.att.org.uk/cgt-uk-property-reporting-service-users-guide#Reporting for estates

Incidentally I assume you meant to say ' how the estate got the property' not ' how the trust got the property'.

I assume this is an actual sale as estate executor rather than as trustee of a trust terminating on death , or maybe a bit of both - I see in this regard you 'registered' the estate as complex, why is it complex?

Have you determined that half the property was previously held in trust after all?