CGT holdover relief is available under TCGA 1992, s 260 on gifts that are immediately chargeable to IHT1. For details of these transfers see I3.319. It also extends to various disposals that are exempt or receive favoured treatment for IHT.
It is available where an individual or the trustees of a settlement ('the transferor') make a disposal of an asset otherwise than by way of a bargain at arm's length to an individual or the trustees of a settlement
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