Commentary

C3.505 Holdover relief for gifts of business assets—agricultural property

Capital gains tax
Capital gains tax | Commentary

C3.505 Holdover relief for gifts of business assets—agricultural property

Capital gains tax | Commentary

Holdover relief for gifts of business assets—particular situations

C3.505 Holdover relief for gifts of business assets—agricultural property

A disposal of agricultural property by way of gift or sale at undervalue is eligible for holdover relief for business assets in the same way as other assets, where the property has been used for the purposes of a trade and the other conditions set out in C3.501–C3.503 are satisfied.

However, the relief is extended to all assets which are eligible for inheritance tax agricultural property relief (APR, whether at 50% or 100%1, see I7.304), regardless of whether or not the property has

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