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HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
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Personal representatives: necessary to establish if residue ascertained

There are a number of circumstances where it is important to establish whether residue has been ascertained, see CG30700, because it significantly affects the amount of Capital Gains Tax payable. Depending on the circumstances, the personal representatives and legatees may be arguing for residue having been ascertained at an early date or, less commonly, at a late date.