CGT liability - date of transfer from executor estate to beneficiary

If shares are sold through an overseas estate under probate and the proceeds transferred to a beneficiary as cash, the beneficiary then reinvests that cash in new shares, is it the overseas estate or the UK beneficiary that is liable to CGT on the initial sale within the estate?

Hi,
If the overseas estate disposed of the shares, it is the estate that would incur any capital gains charges in that country.  
If the beneficiary is UK resident and receives cash distribution, there is no UK tax implications.  
If the beneficiary acquires shares with the cash, then they may have capital gains liabilites should they later dispose of the shares.
Thank you.