Claiming CGT Gift Hold-Over relief

Gift Hold-Over Relief is effectively a deferral of Capital Gains Tax (CGT) when assets are given away (including certain shares) or sold for less than they are worth to help benefit the buyer.

The relief means that any gain on the asset is ‘Held-Over’ until the recipient of the gift sells or disposes of them.

This is done by reducing the donee’s acquisition cost by the amount of the held-over gain.