Commentary

C3.508 Holdover relief for gifts of business assets—transfer of business to a company

Capital gains tax
Capital gains tax | Commentary

C3.508 Holdover relief for gifts of business assets—transfer of business to a company

Capital gains tax | Commentary

C3.508 Holdover relief for gifts of business assets—transfer of business to a company

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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