Reporting capital gains where assets appropriated by PRs to charity


(claire.mcginnity) #1

I am dealing with an estate where the residuary beneficiaries are charities. Before disposing of both the deceased’s property and investments, the PRs signed a memorandum of appropriation to the charities. Am I correct in thinking that because these disposals are deemed to have been made by the charities themselves, they do not need to be reported to HMRC by the PRs on a Trust and Estate Tax Return?

Claire McGinnity,
Penmans Solicitors LLP


(Simon James Northcott) #2

You are correct

Simon Northcott