To qualify for the hold-over relief offered by TCGA92/S165, the asset gifted must fall within one of the categories discussed below.

{#}‘Business Assets’ – TCGA92/S165(2) & SCH7/PARA2(2)

Hold-over relief can be claimed if the gift:

Is, or is an interest in, an asset used for the purposes of a trade, profession or vocation carried on by:

The donor, or

Their personal company, or

A member of a trading group of which the holding company is the donor's personal company

Consists of shares or securities of a trading company, or of the holding company of a trading group, where:

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