[26 October 1992]


1. This Statement sets out HM Revenue and Custom’s practice for dealing with the valuation of assets in respect of which a claim to capital gains tax (CGT) gifts holdover relief has been made. It applies to both new claims to holdover relief and existing claims in relation to which valuation negotiations with HM Revenue and Customs may already have started.

Circumstances in which CGT gifts holdover relief is available

2. Subject to an appropriate claim, gifts holdover relief is available where:

an individual makes a disposal not at arm’s length of:

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