VCTS being disposed of by estate

I have an estate with numerous VCTS which the PRs are selling. I understand there is Income Tax relief and CGT exemptions for such holdings. However, I cannot ascertain on HMRC’s online literature whether the CGT exemption applies to disposals made by PRS. Does anyone know?

Hi James
There was a similar question on this : CGT on VCTs during administration

Executors or PRs are not ‘an individual’ and so CGT relief would be lost. However, the share’s base cost would be probate value and any CGT deferred against other disposals, when the holding was brought, is distinguished. If the shares had passed to beneficiary income tax and cgt relief would have been available.

Hi Francesca

Thanks for pointing this out. I read ‘individual’ in the manual and it made me wonder. Thanks again.