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HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
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Personal representatives: distribution of assets

The personal representatives have a duty to distribute the assets of the estate to thelegatees. Normally this is not done until the personal representatives know all the factsabout the estate and can see how to deal with the distribution of all the remainingassets. Therefore it is done when residue is ascertained or at some time thereafter.However in certain circumstances personal representatives may distribute some of theassets of the estate before residue is ascertained, see CG30910.