Wills and Probate Solicitors in Littlehampton

When a house is sold during an estate’s administration, capital gains tax may apply if its value has increased since the date of death. The probate valuation serves as the starting point, making it essential to have an accurate figure from the outset. Executors are entitled to their own annual exemption for the tax year of the death and the following two years. Selling costs, such as estate agent and legal fees, can generally be deducted from any gain. In some cases, the property is first transferred to the beneficiaries, who then sell it.

Littlehampton is a seaside town in Arun District, West Sussex, on the east bank of the River Arun, where it meets the English Channel. Its harbour lies at the river mouth, near St Mary’s parish church. The Littlehampton Redoubt fort protects the opposite bank. Wills and probate solicitors in Littlehampton can calculate any gains, claim the allowable costs and work with the beneficiaries on the sale. Firms across BN17 handle estates here.