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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
, see all updates

Gifts: the 1989 changes

The following changes were made for gifts after 14 March 1989:

  • the rules for gifts of business assets in CGTA79/S126 were amended, see CG66740+
  • the relief for gifts of any assets in FA80/S79 were withdrawn, see CG66750+
  • CGTA79/S147A was introduced which provided for gifts hold-over relief to continue in certain limited circumstances.