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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
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Personal representatives: beneficial ownership: when residue ascertained

The legal ownership of property may remain with the personal representatives for some considerable time after residue has been ascertained. For example, this may happen if there are complications in preparing a written assent for land, or where the personal representatives are simply dilatory in preparing an assent for any type of asset. However this does not prevent the beneficial ownership from passing to the legatees at an earlier date.