Capital Gains From Ancestral Property Capital Gains On Sale Of Ancestral Property?

Capital Gains on sale of ancestral property? - capital gains from ancestral property

My father wanted his property seven recipients. The apartment is sold, and of course we are forced to pay capital gains tax.

However, I have the following questions;
1. That each receiver having its share of taxable capital gains, or to be assessed together;
2. Date from which the adjustment is applicable - is the time when my father bought it or if they wanted to give their children;
3. If you already have a house, you can invest the proceeds in another home ownership and save on capital gains if the answer is yes, you could ask the point at which the exemption may be requested, and if capital gains is necessary to a backward or the entire product lifecycle.

I would be glad if someone can give me a concrete answer.

Thanks
Ashish