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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
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Annual exempt amount: exploitation: asset splitting

A simple example here is the transfer by a parent of part of his shareholding in acompany to his minor child followed by the making of a claim under TCGA92/S165 in respectof the gift. All the shares, including the child’s holding, are then disposed of and inthis way the child’s annual exempt amount is utilised.