How to use holdover relief when passing on your business

If you've worked long and hard to build up your business, but are now looking to handover the reins to someone else, then you shouldn't be prevented from doing so because of heavy taxes. In this podcast episode, we explain what holdover relief is, how it works, and how to use it so that you can pass down your business stress-free. 

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Chapters

• 0:49 What tax do I have to pay when I pass on my business?
• 1:34 How much capital gains tax do I have to pay when I pass on my business?
• 1:57 Example 1: A sole trader business you’ve started from scratch
• 3:35 Example 2: A limited company business you started from scratch
• 4:36 Example 3: A limited company you inherited
• 5:27 So, what is holdover relief?
• 5:53 Who can use holdover relief?
• 6:51 How does holdover relief work?
• 8:47 What qualifies as a business asset for holdover relief?
• 10:28 How is holdover relief different from other CGT relief for business assets?
• 12:05 How to claim holdover relief
• 12:50 Get help with holdover relief