My parents both died in March. I am sole Executor for both estates. Because they died within 30 days of each other a clause in their wills became active and with the exception of the property no other assets passed to the surviving spouse. All bank accounts and investments etc.were in sole names.
So, I am now dealing with two sizeable estates with many share based assets. I understand that I am entitled to a CGT allowance for the year of the death and the next 2 years if required. My questions are:
Is this estate CGT allowance in addition to the one I have for any of my personal assets that I may dispose of in the tax year?
Do I get two estate CGT allowances as I am executing two estates at the same time?
Grateful for any advice.
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