Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
, see all updates

Personal representatives: beneficial ownership: before residue ascertained

Even though the personal representatives have not finally ascertained residue they may reach a point where it is clear to them that they can distribute certain assets without prejudicing their position. Quite often they will do this with specific legacies and they may sometimes also do this with certain assets comprising part of the residue of the estate.