Hold-over relief obtained on gifts of business assets can be withdrawn in certain circumstances within specified time limits. The different scenarios in which this can happen are discussed below.

{#}Emigration of Donee – TCGA92/S168 & S168A

If hold-over relief is given in respect of a gift to an individual who was UK resident at the time of the gift, who subsequently ceases to be UK resident within six years after the end of the tax year in which the gift was made without having themselves disposed of the asset, then the gain that was originally held-over becomes chargeable in their hands.

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