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Holdover relief for gifts of non-business assets

C3.1601 Disposals of non-business assets qualifying for CGT holdover relief

Holdover relief for gifts of business assets under TCGA 1992, s 165 is discussed in Division C3.5. Holdover relief for gifts of assets other than business assets¹ is only available where the disposal is either²:

1. Ìý

   •ÌýÌýÌýÌý an immediately chargeable transfer for inheritance tax purposes³, or

2. Ìý

   •ÌýÌýÌýÌý subject to one of a number of specified exemptions from the charge to inheritance tax

This relief under TCGA 1992, s 260 takes precedence over TCGA 1992, s 165⁴.

The types of disposal which are eligible for the relief are described in detail below. There is no requirement that the transferor is UK resident so a disposal can be a non-resident CGT disposal (see C2.1131, C2.1139)⁵.

The relief is available in respect of disposals made otherwise than at arm's length⁶