C3.508 Holdover relief for gifts of business assets—transfer of business to a companyHoldover relief for gifts of business assets under TCGA 1992, s 165 can be used to claim CGT relief for the transfer of a business to a company. The relief is an alternative to the relief available under TCGA 1992, s 162 (commonly known as 'incorporation relief') which is discussed in detail in Division B9.1. In general, s 162 relief only applies where all the assets of the business except cash are transferred to the company. This may involve adverse tax effects, such as high stamp duty
Holdover relief for gifts of business assets under TCGA 1992, s 165 can be used to claim CGT relief for the transfer of a business to a company. The relief is an alternative to the relief available under TCGA 1992, s 162 (commonly known as 'incorporation relief') which is discussed in detail in Division B9.1. In general, s 162 relief only applies where all the assets of the business except cash are transferred to the company. This may involve adverse tax effects, such as high stamp duty
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