House sold for more than probate valuation - who pays the CGT?

[lukeskywalker]

I am the joint executor of my deceased parents estate. Probate has already been completed, the non property assets are being distributed and the former family home is sale agreed. At the time of probate, the family home was valued at €650K but it has now gone sold agreed at €710K. There are four beneficiaries of the will.

My question is, is it my parents estate or the four individual beneficiaries who are liable for CGT?

If it is the four beneficiaries who are liable for CGT, can they individually use their €1270 annual CGT allowance / can they individually use any previous capital losses they have to part offset their individual CGT liability ?

Thank you in advance for any help with this.

 

[jpd]

The estate is liable for the CGT

 

[dublinwoman72]

Thank you that’s v clear

 

[ClubMan]

And your probate/conveyancing solicitor should be explaining stuff like this to you.