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In reading cases where there is an IHT payable on an estate and after Probate has been granted, the executors obtain a sale price of the residence at a much higher price (say £200k) than used for Probate, how far would HMRC allow CGT to be charged on the gain compared with the higher liability of IHT ?
Considering the much lower rate of basic rate tax payers and their allowances, it could be a very profitable route considered by some.
Considering the much lower rate of basic rate tax payers and their allowances, it could be a very profitable route considered by some.