Gift relief
You'll learn when gift relief (also called gift holdover relief) applies and how it works when transferring business assets to a company. This lesson covers the key difference between incorporation relief and gift relief, showing you when gift relief becomes your option if you're not transferring all assets.
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In this lesson
- 0:00 Gift relief and holdover relief explained
- 0:17 Transferring business assets on incorporation
- 0:48 How gift relief defers capital gains tax
- 1:13 Tax liability transfer to the company
About this lesson
You'll discover how the relief defers your gain and shifts the tax liability to the recipient, and how this affects the base cost of assets in the company. Essential for understanding partial asset transfers and tax-efficient business restructuring on your Taxation paper.
Duration: 1m
Transcript
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