CGT-efficient gifting for succession

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our privacy notice.

CGT-efficient gifting for succession

By Meg Saksida, February 2020

Meg Saksida looks at capital gains tax gift relief and some circumstances in which the relief may be available.

In the first three articles in this series, the possibilities of investing in sterling, wasting chattels, chattels costing and being sold for £6,000 and under, enterprise investment scheme and seed enterprise investment scheme investments, and ISAs were discussed. 

This month. we turn to gift relief. 

What does gift relief do?

Gift relief (referred to as ‘holdover relief’) is available when a taxpayer has either gifted a business asset (or sells it ‘other than at arm’s length’), or disposes of an asset to a trust where the transfer is immediate chargeable to IHT. The relief does not exempt the gain completely; HMRC will

Subscribe to a Tax Insider newsletter to get instant access to the Tax Article library.

Get instant access to 1798 articles and a 14 day free trial!
Subscribe
Begin your tax saving journey today

Each month our tax experts reveal FREE tax strategies to help minimise your taxes.

To get Tax Insider tips and updates delivered to your inbox every month simply enter your name and email address below:

Thank you for signing up to hear from us!