Holdover relief

I have a client who is about to gift a derelict property to his daughter, there will be a gain of around £80k.

Daughter will sell it straight on as she & her husband are doing up a large farmhouse in France, indeed they live & work there permanently and are not UK residents.

It occurred to me that if hold-over were claimed on the first disposal, and the second disposal were not chargeable to CGT as daughter's not resident, CGT might be neatly bypassed !

Will this fly ?

Comments
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They have thought of this one!

Anonymous |

whoops!

Anonymous |

Hold-over relief

superaquarama |

Holdover on private assets

cathygrimmer |
cathygrimmer's picture