X was left money by her sister Y in her will, exact amount undetermined but will be about 100k. X then died a couple of months later, ie, after Y's death, but before the valuation date. In this case is there CAT payable by the estate, or does the money just form part of X's estate. Obviously the beneficiaries of X's estate will be liable to CAT, but as they are her children there may be no CAT payable due to the higher threshold, where as if the estate had to pay CAT it would have, I presume the class B threshold, so there would be CAT payable?
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