Gifts: hold-over relief: form CG 130
Donors responsible office
If you receive a claim to hold-over relief then you need to send a form CG130 to the donee’s. responsible office. You do this before you make any comment on the validity of the claim. The form is in two parts which you complete as follows:
- You should complete as much of this part as you can.
- You should include details of:
- the nature of the asset(s) covered by the claim
- the Capital Gains Tax `cost’ of the asset(s) to the donee and the held-over gain to be deducted from it if this has been agreed.
- If the parties have claimed under SP8/92, so that valuations have not been considered, you should give details of any valuation(s) which will be required when the donee disposes of the asset(s).
- You should retain this as a copy.
Donee’s responsible office
This instruction tells you what to do when you receive a form CG130:
- You should verify that the donee is eligible to make the hold-over claim.
- If a claim has been made under SP8/92, you should verify that the donee is eligible to make this claim.
- You confirm these two points by returning the tear-off slip at the foot of the Top Part.
- You should then retain the form as a record of the relief given.