Gifts: gifts of business assets: how to obtain relief
Hold-over relief is only available if it is claimed. The claim must be made
- jointly by the donor and the donee
- only by the donor if the donee is the trustee of a settlement.
- within 4 years from the end of the year of assessment in which the disposal occurred. See TMA70/S43(1).
Relief can only be claimed under Section 165 if it cannot be claimed under TCGA92/S260, see CG67030+.