If a deceased taxpayer has a portfolio of quoted shares and the opportunity arises, is it reasonable to leave some in the estate and transfer others to beneficiaries. I'm considering if the benefit of the beneficiaries annual exemption as well as the estates could be used to plan the timing of disposals to avoid capital gains on quoted holdings. An example will be a holding showing a gain of £50,000 since date of death in July 2020. Could the executors sell Sufficient shares to utilise the AA £12,300 before 5 April transfer sufficient shares to beneficiary to utilise their personal CGT exemption again before 5 April. Can the process be repeated in 2021/22 and 2022/23 before finalising the administration period. Thus would effectively give 2 Annual exemptions each tax year to cover potential capital gains. Or, are executors duty bound to transfer the holdings to beneficiaries as soon as possible ? Many Thanks
7th Mar 2021
How long can administration period last ?
Is it reasonable to extend an administration period of a deceased to three tax years ?
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