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  • Tax - Holdover relief claim
    Holdover relief claimWhen you give away an asset for no consideration, or knowingly sell it for less than it's worth, you will be charged capital gains tax based on the market value. However, you might be able to make a claim to hold this gain over depending on exactly what the asset is.When is relief available?There are numerous ways that the tax legislation permits a capital gains tax bill to be deferred. One of these is by means of holdover relief for gifts of business assets.Where a qualifying business asset...
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