Capital Gains Tax (CGT) Gift Holdover Relief (HS295) is a tax relief available in the United Kingdom that allows an individual to defer paying capital gains tax on a gifted property. This relief applies when a property is gifted to another person, typically a family member, and is designed to help reduce the tax liability associated with transferring property.

To claim CGT Gift Holdover Relief, the individual must make a claim to HM Revenue & Customs (HMRC) within the specified time period. The claim must include details of the property, the recipient of the gift, and the reasons for the gift.

Our team of experienced tax professionals can assist with the preparation and submission of a CGT Gift Holdover Relief claim. We will work closely with you to understand the details of your situation and ensure that all relevant information is included in the claim. Our team will also provide guidance on the documentation required and the information that must be submitted to HMRC.

Once the claim is submitted, our team will follow up with HMRC to ensure that the claim is processed promptly and efficiently. We will provide updates on the status of the claim and keep you informed of any further action required.

In conclusion, our CGT Gift Holdover Relief claim service provides a comprehensive solution for individuals seeking to defer paying capital gains tax on a gifted property. Our team of experienced tax professionals will provide expert guidance and support, ensuring that the claim process is handled efficiently and effectively. With our assistance, individuals can secure the tax relief they need and reduce the tax liability associated with transferring property.