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HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
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Gifts: assets used in a trade: trade and non-trade use

Hold-over relief is available if the asset is an asset used for the purposes of a trade. This means that it has to have been in trade use just before it is gifted. Previous periods of non-trade use will restrict the relief and CG66951 tells you how to calculate this.