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HMRC internal manual

Capital Gains Manual

Gifts: gifts of business assets: introduction

You will find the rules for relief for gifts of business assets in TCGA92/S165 and TCGA92/SCH7. These apply to disposals made on or after 14 March 1989. CG66911+ tell you about these.

There are also two provisions restricting relief:

  • TCGA92/S166 (gifts to non-residents), see CG66912


  • TCGA92/S167 (gifts to foreign-controlled companies).