Holdover relief?

Holdover relief?

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Hi

A sole trader runs a farming business, bed & breakfast and also owns stables. His daughter runs an equestrian business from the stables. Sole trader wants to know if he gifts the stables to his daughter and then goes into partnership (or ltd) with her will holdover relief be available?

Help appreciated!

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By chrisdxuk
30th Nov 2009 13:29

What is the asset

What asset will there be to holdover the relief on? The shares in the business will have a value but only as to the value and goodwill generated during his ownership of the shares. If his daughter introduces the stables into the business once he has gifted them to her - like as not they will represent a fair proportion of the value of her investment not his

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