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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
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Gifts: hold-over relief: valuations: trustee as donees

The requirement in CG67131 that the donee completes a form HS295 applies equally in cases where the donee is a body of trustees see CG66914 and CG67033. In our view, as the effect of SP8/92 is to postpone the valuation of the asset until this becomes material, it is essential that anyone whose liability may be affected by that valuation has agreed to the postponement.