{#}Introduction

An election under TCGA92/S281 may be made to have any Capital Gains Tax liability due on a gift paid by ten equal yearly instalments where:

assets are disposed of by way of gift or there is a deemed disposal under TCGA92/S71 (1) or TCGA92/S72 (1), see CG37000 and CG36450 respectively

and

hold-over relief is not available in full, or where relief was available but has been clawed back in circumstances where, at the point in which the clawback became applicable (see CG66888), no part of the gift had been disposed of by any person for valuable consideration after the gift had been made

and

the gift is of:

land

or

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