I have a situation whereby a beneficiary has inherited a property. The estate has yet to be finalised so the property has not yet been placed in her name.
She and her husband live in Italy.
Due to the location of the house and the demand it may sell for more than its probate value. The initial plan was for the property to be rented but due to the income tax situation in both countries she has decided to sell.
Can members advise on whether it would be better for the estate to sell or is there some advantage of placing in beneficiaries name along with her husband to maximise capital gain allowances.