Gift relief
In this lesson, you'll learn how gift relief works and when you can claim it to defer capital gains tax on business assets you give away. Gift relief applies to shares in unquoted trading companies and business assets, with no minimum holding period required.
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In this lesson
- 0:00 Gift relief overview and eligibility
- 0:48 Qualifying assets for gift relief
- 1:24 How gift relief calculation works
- 2:04 Partial relief and base cost implications
- 2:35 Joint election requirement explained
About this lesson
You'll discover how HMRC treats gifts as sales at market value, how to calculate the gain, and why both donor and recipient must jointly elect for relief—understanding the crucial difference between gifts with no consideration (full relief) and gifts at undervalue (partial deferral through reduced base cost for the recipient).
Duration: 3m
Transcript
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