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HMRC internal manual

Capital Gains Manual

Gifts: computation: allowing hold-over relief

TCGA92/S165 (4)

You allow hold-over relief by deducting an amount equal to the `held-over gain’ from

  • the chargeable gain which would otherwise accrue to the donor


  • the Capital Gains Tax `cost’ of the donee.

See CG67050+ for relief where Inheritance Tax is paid.