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HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
, see all updates

Personal representatives: assessing gains: Example 1

The three children of Mrs A deceased, X, Y and Z are appointed as her personal representatives.

If all three of the children are resident or ordinarily resident* in the United Kingdom gains chargeable on personal representatives can be assessed on any of the following combinations as personal representatives of Mrs A deceased.

X alone; Y alone; Z alone;

X and Y; X and Z; Y and Z;

X, Y and Z.

However if Z is neither resident nor ordinarily resident in the United Kingdom then it is only permissible to assess gains chargeable on the personal representatives on one of the following combinations as personal representatives of Mrs A deceased.

X alone; Y alone;

X and Y

X, Y and Z.

*The concept of ordinary residence is only relevant for the years up to and including 2012/13. For 2013/14 and subsequent years it is just necessary to consider if the personal representatives are UK resident or not UK resident for the year.