Gold bullion bars form part of the estate which as an executor, I am in the process of finalising. We are unsure which would be the best scenario financially. If we were to sell the gold bars in the name of the Estate of xxxxx, and include the profits in the Estate's tax return, would we be able to take advantage of the fact that they are a pre-CGT asset (purchased by the deceased in 1980) and not be liable for CGT? If one of the beneficiaries takes the gold as their part of the inheritance, then they would be subject to CGT when the gold is finally sold, as the purchase price would be taken to be the deceased person's date of death.
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384 views
1 replies