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HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
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Gifts pre-14/3/89: introduction

There were two forms of hold-over relief available if an asset was disposed of by way of gift before 14 March 1989 (referred to as pre-1989 gifts). Each relief applied to different types of asset and the two did not overlap. Relief was only available if a claim was made.

If you have to decide which relief applies in a case involving a pre-1989 gift then you have to consider two things

  • the nature of the asset

and

  • the date of the gift.

CG66740+ tell you about the pre-1989 relief for gifts of business assets.CG66750+ tell you about the pre-1989 relief for gifts of any assets.